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[[File:Steven Mnuchin official portrait.jpg|thumb|250px|Mnuchin]]

|image=Steven Mnuchin official portrait.jpg

|offices=

|of=the Treasury

|number=77th

|president=[[Donald Trump]]

 

'''Steven Terner "Steve" Mnuchin''' (born December 21, 1962) is an American politician and hedge fund manager who is the 77th [[United States Secretary of the Treasury]], under President [[Donald Trump]].

'''Steven Terner "Steve" Mnuchin''' (born December 21, 1962) is an American politician and hedge fund manager who is the 77th [[United States Secretary of the Treasury]], under President [[Donald Trump]].

Mnuchin joined investment bank [[Goldman Sachs]] upon graduating from [[Yale University]] in 1985. He worked there for 17 years and eventually became its Chief Information Officer. After he left Goldman Sachs in 2002, he worked for and founded several hedge funds. During the [[Financial Crisis of 2008]], Mnuchin bought failed residential lender IndyMac from the federal government. He renamed it OneWest Bank and rebuilt the bank.  In 2015, Mnuchin sold OneWest to CIT Group for $3.4 billion.<ref name="NYT01">{{Cite web | url=https://www.nytimes.com/2016/11/29/us/politics/steven-terner-mnuchin-trump-treasury-secretary.html | title=Trump Taps Hollywood’s Mnuchin for Treasury and Dines With Romney | website=[[The New York Times]] |accessdate=February 18, 2017 | date=November 29, 2016 | last1=Davis | first1=Julie Hirschfeld | last2=Appelbaum | first2=Binyamin |last3=Haberman | first3=Maggie }}</ref><ref name="bloomberg">{{Cite web | url=https://www.bloomberg.com/politics/articles/2016-08-31/steven-mnuchin-businessweek | website=[[Bloomberg L.P.]] |title=Trump’s Top Fundraiser Eyes the Deal of a Lifetime | date=August 31, 2016 | accessdate-February 18, 2017 | last=Abelson | first=Max | last2=Mider | first2=Zachary }}</ref> After the acquisition by CIT, Mnuchin remained at OneWest, and became member of CIT Group's board of directors<ref name="BI02">{{Cite web | url=https://www.businessinsider.nl/donald-trump-set-to-pick-steve-mnuchin-as-treasury-secretary-2016-11/?international=true&r=US | title=There’s a long list of reasons people might not like Trump’s pick for Treasury secretary | last=Turner | first =Matt |accessdate=February 18, 2017 |date =November 30, 2016 |website =Business Insider }}</ref> During his time as OneWest CEO and chairman, the bank became embroiled in several lawsuits over questionable foreclosures - due to its reputation of unfairly removing people from their homes, OneWest was known as a "Foreclosure Machine".<ref name="money.com">{{Cite web | url=https://money.com/money/4639480/steve-mnuchin-treasury-secretary-foreclosures-onewest/ | website=[[Money.com]] |title=Here's Why Treasury Nominee Steve Mnuchin Has Been Called the 'Foreclosure King' | accessdate-December 8, 2019}</ref> Mnuchin was national finance chair for the 2016 Donald Trump presidential campaign. On February 13, 2017, Mnuchin was confirmed by a 53–47 vote in the U.S. Senate.<ref>https://www.cnbc.com/2017/02/13/watch-steven-mnuchin-senate-confirmation-vote.html</ref>

Mnuchin joined investment bank [[Goldman Sachs]] upon graduating from [[Yale University]] in 1985. He worked there for 17 years and eventually became its Chief Information Officer. After he left Goldman Sachs in 2002, he worked for and founded several hedge funds. During the [[Financial Crisis of 2008]], Mnuchin bought failed residential lender IndyMac from the federal government. He renamed it OneWest Bank and rebuilt the bank.  In 2015, Mnuchin sold OneWest to CIT Group for $3.4 billion.<ref name="NYT01">{{Cite web | url=https://www.nytimes.com/2016/11/29/us/politics/steven-terner-mnuchin-trump-treasury-secretary.html | title=Trump Taps Hollywood’s Mnuchin for Treasury and Dines With Romney | website=[[The New York Times]] |accessdate=February 18, 2017 | date=November 29, 2016 | last1=Davis | first1=Julie Hirschfeld | last2=Appelbaum | first2=Binyamin |last3=Haberman | first3=Maggie }}</ref><ref name="bloomberg">{{Cite web | url=https://www.bloomberg.com/politics/articles/2016-08-31/steven-mnuchin-businessweek | website=[[Bloomberg L.P.]] |title=Trump’s Top Fundraiser Eyes the Deal of a Lifetime | date=August 31, 2016 | accessdate-February 18, 2017 | last=Abelson | first=Max | last2=Mider | first2=Zachary }}</ref> After the acquisition by CIT, Mnuchin remained at OneWest, and became member of CIT Group's board of directors<ref name="BI02">{{Cite web | url=https://www.businessinsider.nl/donald-trump-set-to-pick-steve-mnuchin-as-treasury-secretary-2016-11/?international=true&r=US | title=There’s a long list of reasons people might not like Trump’s pick for Treasury secretary | last=Turner | first =Matt |accessdate=February 18, 2017 |date =November 30, 2016 |website =Business Insider }}</ref> During his time as OneWest CEO and chairman, the bank became embroiled in several lawsuits over questionable foreclosures - due to its reputation of unfairly removing people from their homes, OneWest was known as a "Foreclosure Machine".<ref name="money.com">{{Cite web | url=https://money.com/money/4639480/steve-mnuchin-treasury-secretary-foreclosures-onewest/ | website=[[Money.com]] |title=Here's Why Treasury Nominee Steve Mnuchin Has Been Called the 'Foreclosure King' | accessdate-December 8, 2019}}</ref> Mnuchin was national finance chair for the 2016 Donald Trump presidential campaign. On February 13, 2017, Mnuchin was confirmed by a 53–47 vote in the U.S. Senate.<ref>https://www.cnbc.com/2017/02/13/watch-steven-mnuchin-senate-confirmation-vote.html</ref>

Mnuchin is estimated to have a net worth of as much as $500 million.<ref>{{cite news |title=Trump Treasury Pick Mnuchin Is Much Richer Than Most People Thought |url=http://fortune.com/2017/01/11/trump-cabinet-steven-mnuchin-net-worth/ |author=Jen Wieczner |publisher=Fortune Magazine |date=January 12, 2017}}</ref>  As a side business, Mnuchin was a Hollywood motion picture producer.  His films include the X-Men series and ''[[American Sniper]].''

Mnuchin is estimated to have a net worth of as much as $500 million.<ref>{{cite news |title=Trump Treasury Pick Mnuchin Is Much Richer Than Most People Thought |url=http://fortune.com/2017/01/11/trump-cabinet-steven-mnuchin-net-worth/ |author=Jen Wieczner |publisher=Fortune Magazine |date=January 12, 2017}}</ref>  As a side business, Mnuchin was a Hollywood motion picture producer.  His films include the X-Men series and ''[[American Sniper]].''

==References==

==References==

<references/>

 

*[https://home.treasury.gov/about/general-information/the-secretary The Secretary | U.S. Department of the Treasury]

 

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