Mnuchin’s Fortune Tied to Companies He Can Bail Out
Through his $454 billion bailout fund, Mnuchin can boost the stocks of companies comprising some of his largest investments.
{The CARES Act includes a provision to protect against conflicts of interest, but it will not stop Mnuchin from helping components of the funds he is invested in. The provision prohibits companies owned by senior administration officials, including Mnuchin, the Trump family, and members of Congress from receiving support from the bill. However, Mnuchin’s investments will not apply because he owns shares of the funds, not the component companies, and even if he did own the corporate stocks he would not hit the minimum thresholds for ownership stakes specified in the bill. }
These people come and go like a revolving door in administrations. Trump's has the highest turn over of any in history. Don't be surprised to see this one hit the door soon after he rake in the benefits of his own actions. Cashing out just before the bubbles begin to burst.
1
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
1 comment
Feel free to reply to any comment by clicking the "Reply" button.So the main survival skill in being in the Trump administration is to know how to maximise your own personal gain as quickly as you can knowing that your petulant boss could change his mind in an instant. Also you must always heap praise on him.
rogerbenham
Level 8
Apr 4, 2020
1
Don't make the mistake of concentrating only on Trump. This has been the going scheme for administrations for decades. Powerful ruling class entities fund their campaigns for favors. Then they get in the administration as economy advisers and treasury appointments in which they write new legislature and or control who and where the money goes that benefits the corporations they came from then go back to after a couple to few years. It's a revolving door to make sure the old loop holes are replaced with new ones. The only thing that changes are the faces and names ending with the same outcome.
These issues and these people should be a main issue and exposed by the forth estate of the main stream media on a weekly if not daily basis. There's a reason they are not.
@William_Mary I am very well aware of that. Trump appoints those he is told to appoint or the ones he knows.
@rogerbenham but he drained the swamp? 
@William_Mary Which swamp? I guess it depends upon one's viewpoint.
Recent Visitors 10
Photos 120 More
Posted by William_MaryIf You Wish Someone a Happy Memorial Day, You Fail to Understand Its True Meaning The mythology perpetuated at Memorial Day benefits no one save the militarists and war profiteers.
Posted by LufahyuMedia Sources; people from all walks and ideologies peruse a variety of source material available on the Internet, some more reliable than others.
Posted by joy2loveThe Neuroscience of Illusion - Scientific American
Posted by CherokeemanBlessings y'all.
Posted by Archeus_LoreA good meme for religious people to see . . . .
Posted by William_MaryIt has been questioned if Einstein actually made this statement.
Posted by William_Mary“The ideas of the ruling class are in every epoch the ruling ideas, i.
Posted by William_MaryHowever we have an escape-------[wsws.org]
Posted by William_MaryKeep people from their history, and they are easily controlled.
Posted by William_MaryThis fairly explains our political woes within our citizenry when it comes to the voting process that's managed within only 2 parties with their perceptions managed by propaganda designed to support ...
Posted by William_MaryI can pretty much apply this thought to just about everyone who has attempted to challenge my agenda here in this group, and my comments on social media in regards to our political arena.
Posted by William_MaryBy Apr.
Posted by William_MaryThe working class holds the strength to change the world for a better society for everyone. We just need to refuse to remain indoctrinated into their manufactured delusional reality.
Posted by William_MaryWhen the state is controlled by corporations and the ruling class.
Posted by of-the-mountainHas sanity and respect for all female, male, and children’s healthcare been suspended by these obstructionists republican fascists with their overt agenda against the people of this country!!! Are ...
Posted by William_MaryWorld's Most Tyrannical Regime Can't Stop Babbling About "Human Rights" We saw the change in coverage because Washington and its imperial spinmeisters only care about human rights abuses insofar as...