CWA Statement on the Recommendation of Steven Mnunchin for U.S. Treasury Secretary

The following statement was issued by the Communications Workers of America on the recommendation that Steven Mnuchin be named U.S. Treasury Secretary:

Hedge Fund CEO Steven Mnuchin has been recommended for U.S. Treasury Secretary by Trump transition advisors. It’s difficult to think of a nominee who better embodies the culture of Wall Street greed than the longtime Goldman Sachs partner.

Part of the “bilionaires’ club of private financiers,” according to the Los Angeles Times, Mnuchin, at the height of the Wall Street debacle that caused the Great Recession, purchased failed banks and savings and loans then moved to foreclose on tens of thousands of families, seniors and communities of color. Those families’ losses were Mnuchin’s personal gain.

Naming Mnuchin as Treasury Secretary would be a slap in the face of millions of working families who will be victimized by this Wall Street-rigged economy.