As a candidate, Trump often stated that hedge fund guys were getting away with murder. As President, Trump appointed Steven Mnuchin, a hedge fund guy to Treasury Secretary.
On August 23, 2015, trump said:
“I want to save the middle class. You know, the middle class — the hedge fund guys didn’t build this country. These are guys that shift paper around and they get lucky.”
“The hedge fund guys are getting away with murder. They’re making a tremendous amount of money. They have to pay taxes.”
On January 19, 2016, Trump said:
“I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We’re going to tax Wall Street.”
As President – Appoints “Hedge Fund guy”, Steven Mnuchin to Treasury Secretary.
Steven Mnuchin was born on 21 December, 1962.
Mnuchin worked for investment bank Goldman Sachs for 17 years, following graduation from Yale University in 1985. During his time in Goldman Sachs he rose to the position of Chief Information Officer – it is reported that he left with $46 million of company stock and $12.6 million in compensation.
After leaving Goldman Sachs in 2002, Mnuchin worked for and founded several hedge funds, including ESl, SFM Capital Management and Dune Capital Management amongst others. Dune invested in two Donald Trump projects, the Trump International Hotel and Tower in Honolou and the Trump International Hotel and Tower in Chicago.
During the financial crisis of 2007-2008, Mnuchin bought IndyMac, which he renamed OneWest Bank and eventually sold it to CIT Group in 2015. After the aquisition by CIT, Mnuchin became a member of CIT Group’s board of directors. As of August 206, Mnuchin owned $97 million in CIT Group stock. Mnuchin was nicknamed the “Foreclosure King.”
Mnuchin was named national finance chairman for the Trump presidential campaign in 2016.
On 13 February 2017, Mnuchin was confirmed as 77th Secretary of the Treasury by the US Senate by a 53-47 vote.
Mnuchin supports tax reform, reduction of corporate tax rates and partial repeal of Dodd-Frank.