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.
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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
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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.
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