Posted 3/16/2024, 2:53:00 PM
Mnuchin's Financial Experience Raises Ethics Questions Amid TikTok Bid
- Mnuchin has experience in finance, media/entertainment, and turning around struggling companies like IndyMac bank after 2008 crisis
- His investment firm recently led $1B investment into distressed NY Community Bancorp
- Critics concerned about ethics of him trying to buy TikTok after being Treasury Secretary
- At OneWest after financial crisis, Mnuchin faced criticism for aggressive foreclosures
- Mnuchin has capital and ability to put together investor consortiums for distressed banks