Comment on 'This is the seventh time I've asked': Republican senator grills Trump Treasury pick over foreclosure profits

'This is the seventh time I've asked': Republican senator grills Trump Treasury pick over foreclosure profits

AP Photo/J. Scott ApplewhiteWhile Department of the Treasury secretary nominee Steve Mnuchin was largely embraced by Republicans during his first confirmation hearing on Thursday, at least one appeared skeptical. At the hearing, Sen. Dean Heller expressed his frustration that Mnuchin and his staff had not answered questions about the foreclosure policies Mnuchin's bank OneWest pursued in the aftermath of the 2008 housing crisis. Noting the high foreclosure and bankruptcy rates, Heller said that "no state was hurt harder than the state of Nevada." He pressed the former hedge fund manager about how many homes OneWest foreclosed on in the state, and how much money the Federal Deposit Insurance Corporation paid them to do so. "How many Nevadans did OneWest foreclose on while you owned the bank?" Heller asked. "I have the information that's in public reports, but I'm absolutely committed to go back and get that information for you from the bank, so I apologize, I don't have that with me today, and I do appreciate how hard your state was hit in the foreclosure process," Mnuchin replied. When Mnuchin could not answer how many homeowners OneWest provided assistance to following the crisis, Heller interjected. "Here's the reason why I ask these three questions over again, is that this is the seventh time I've asked," Heller said. He continued: "I asked you when you were in my office, and I had my staff to follow up on it, three times by text, and twice by phone.

 

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