1.19.17: Demand ethical leadership at the Treasury Department
Foreclosure profiteer Steven Mnuchin has a lot of explaining to do
Billionaire Steven Mnuchin, nominee for Secretary of the Treasury, made millions of dollars off the US housing crisis. Under Mnuchin's leadership, OneWest (formerly IndyMac) embarked on a range of questionable foreclosure practices, racked up a reputation as one of the worst mortgage servicers in California, and then merged with CIT in a deal worth billions. OneWest is accused of redlining by California advocacy groups and was the target of an investigation by the California AG's office that found evidence of "widespread misconduct" at the bank. Oh, and Mnuchin has no public policy experience. Today's call to action: demand ethical and experienced leadership at the Treasury Department—tell your Senators to reject Steven Mnuchin.
Learn: Steven Mnuchin's trail of greed
- The Worst of Wall Street: Meet Donald Trump’s Finance Chairman (The Nation)
- OneWest Bank shut out nonwhite borrowers while owned by Steve Mnuchin-led group, advocates say (LA Times)
- Trump Treasury pick Steven Mnuchin has a 'widow foreclosure' problem (CNN)
- Meet the victims of Steve Mnuchin’s ‘foreclosure machine’ (ThinkProgress)
- Report fuels questions about Mnuchin role in foreclosure crisis (Politico)
Act: tell the Senate to reject Steve Mnuchin's nomination
Call your senators today to tell them to reject Mnuchin as Secretary of the Treasury. The Committee on Finance is the first body to vote (see members listed below the sample scripts); if they approve Mnuchin, then the nomination will be put before the entire Senate. Here are sample scripts you can use when you contact your Senator. Feel free to adjust to reflect your personal priorities and concerns.
If you're represented by a Republican on the Committee:
It's unlikely that Republicans will stop the nomination, but, particularly if your state was hit hard by the housing crisis, your Senators should demand answers on Mnuchin's questionable lending and foreclosure practices.
"My name is [your name], and I'm a constituent of [Senator]. I'm calling today because I'm concerned about Donald Trump's nomination of Steven Mnuchin as head of the Treasury Department. Mnuchin made millions of dollars through questionable foreclosure practices that affected thousands of struggling Americans during the housing crisis. His former bank has been accused of backdating documents, robo-signing, and other fraudulent practices. I'd like to ask the Senator to commit to asking Mnuchin this question and holding him accountable for his answer. [Add your question here.] Will you please share my message with the Senator?"
If you're represented by a Democrat on the Committee, or if your Senators aren't on the Committee:
"My name is [your name], and I'm a constituent of [Senator]. I'm calling today because I'm concerned about Donald Trump's nomination of Steven Mnuchin as head of the Treasury Department. Someone who made millions off of struggling American homeowners by using fraudulent foreclosure practices has no business running the Treasury Department. I'm asking the Senator to not only reject the Mnuchin appointment but to aggressively fight his confirmation."
Members of the U.S. Senate Committee on Finance
Because of busy signals, long wait times, and full inboxes, we're linking to Senators' websites today, where you can find all of their office numbers, instead of posting a single number.
CO: Michael Bennet (D)
DE: Thomas Carper (D)
FL: Bill Nelson (D)
GA: Johnny Isakson (R)
ID: Mike Crapo (R)
KS: Pat Roberts (R)
LA: Bill Cassidy (R)
MD: Benjamin Cardin (D)
MI: Debbie Stabenow (D)
MO: Claire McCaskill (D)
NC: Richard Burr (R)
NJ: Robert Menendez (D)
NV: Dean Heller (R)
OH: Sherrod Brown (D), Rob Portman (R)
OR: Ron Wyden (D)
PA: Bob Casey (D), Pat Toomey (R)
SC: Tim Scott (R)
SD: John Thune (R)
TX: John Cornyn (R)
UT: Orrin Hatch (R)
VA: Mark Warner (D)
WA: Maria Cantwell (D)
WY: Michael Enzi (R)
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