institute for Public Accuracy - Bloomberg reports: “Munchin Said to Be Top Treasury Pick Among Trump’s Advisers” which states: “Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump’s transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect’s final decision.
“Mnuchin, the campaign’s national finance chairman, has been considered the leading candidate for the job. Trump has displayed a pattern of loyalty to his closest campaign allies in early administration selections, and Mnuchin, 53, had signed on at a time when many from Wall Street stayed away.
“Before joining Trump, Mnuchin rose through the kind of elite institutions the president-elect spent his campaign vilifying. Mnuchin was tapped into Yale’s Skull and Bones secret society, became a Goldman Sachs partner like his father before him, ran a hedge fund, worked with George Soros, funded Hollywood blockbusters and bought a failed bank, IndyMac, with billionaires including John Paulson. They renamed it OneWest, drew protests for foreclosing on U.S. borrowers, and ultimately generated considerable profits, selling the business last year to CIT Group Inc. for $3.4 billion.
“Mnuchin would become the third former Goldman Sachs executive to head the Treasury since the mid-1990s. Robert Rubin and Hank Paulson both ran the Wall Street firm before becoming Treasury chiefs under presidents Bill Clinton and George W. Bush, respectively. …"
“On Sunday, Trump named another Goldman alumnus, the former Breitbart News chief Steve Bannon, to one of his top posts in his White House, chief strategist and senior counselor. …"
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