Steven Mnuchin for Treasury Secretary

Following is a statement by CWA President Chris Shelton on the announcement that Hedge Fund CEO Steven Mnuchin has been tapped for Treasury Secretary by President-elect Donald Trump:

Donald Trump’s campaign pledge to “drain the swamp” and rein in Wall Street apparently lasted for only a few days after he was elected president. It’s difficult to think of a nominee who better embodies the culture of Wall Street greed than longtime Goldman Sachs partner Steven Mnuchin.

Mnuchin has personally profited from families’ losses during the Great Recession. At the height of the Wall Street debacle that caused the Great Recession, he purchased failed banks and savings and loans then moved to foreclose on tens of thousands of working and middle-class families.

Mnuchin has already proclaimed that cutting corporate taxes will be his number one priority as Treasury Secretary, which tells you all you need to know on whether he is looking to serve regular Americans or corporate special interests.

For a presidential candidate who railed against Wall Street “getting away with murder,” naming Mnuchin as Treasury Secretary is a slap in the face of millions of working families who will be victimized by this Wall Street-rigged economy.