Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Trump Picks Establishment Banker For Treasury Secretary
Posted
November 30, 2016
Views
123,491
Likes
2,883
Comments
1,157
Engagement
3.27%
November 30, 2016
123,491
2,883
1,157
3.27%
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7:22Now PlayingYou didn’t actually believe Donald Trump was going to drain the swamp, did you? Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"President-elect Donald Trump is set to name his Treasury secretary as soon as Wednesday, The New York Times reports.
His pick is the former Goldman Sachs banker Steven Mnuchin, who served as the national finance chair on Trump's presidential campaign, according to The Times.
Mnuchin spent 17 years with Goldman Sachs, and his father worked at the bank for 30 years in stock trading.
Mnuchin was chief information officer at Goldman Sachs before he left the firm in 2002. He also worked briefly for George Soros.
During the depths of the financial crisis, a group led by Mnuchin bought the troubled housing lender Indymac. After renaming the company OneWest, Mnuchin served as chairman until selling it to CIT Group in 2015.
Mnuchin also became a Hollywood producer, founding RatPac-Dune Entertainment with director Brett Ratner and James Packer, financing movies such as "Mad Max: Fury Road," "Batman v. Superman," and more.
Goldman Sachs CEO Lloyd Blankfein earlier this month called Mnuchin a "high flier," "a very nice guy," and a "smart, smart guy."
"He was a very senior guy at a very young age at Goldman Sachs," Blankfein said in an interview with Andrew Ross Sorkin of The Times.
Blankfein said Mnuchin reported to him when he ran the fixed income division.
"I follow his career, I know what he's done, but I haven't really engaged with him that much," Blankfein said. "I'm sure he stayed just as smart as he was when he was at Goldman.””*
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Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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