US President Donald Trump has sworn in former Wall Street investor Steven Mnuchin as the head of the Treasury Department, despite his involvement in thousands of foreclosures after the 2007-2009 US housing collapse.
Mnuchin took the oath of office on Monday at the White House by the new president, after the US Senate voted to confirm him 53-47, with all but one Democratic senator opposing him due to his aggressive foreclosures on homeowners as head of OneWest Bank.
During the swearing-in ceremony, Trump said Mnuchin would be a “great champion” for American citizens.
“He will fight for middle-class tax reductions, financial reforms that open up lending and create millions of new jobs, and fiercely defend the American tax dollar and your financial security,” Trump said. “And he will also defend our manufacturing jobs from those who cheat and steal and rob us blind.”
Mnuchin, 54, will help drive the Trump administration’s plans to overhaul the US tax…