OOPS!!!.......Steven Mnuchin, Treasury Nominee, Failed to Disclose $100 Million in Assets

[spanone]

WASHINGTON — Steven T. Mnuchin, President-elect Donald J. Trump’s pick to be Treasury secretary, failed to disclose nearly $100 million of his assets on Senate Finance Committee disclosure documents and forgot to mention his role as a director of an investment fund located in a tax haven, an omission that Democrats said made him unfit to serve in one of the government’s most important positions.

The revelation came hours before Mr. Mnuchin, a former Goldman Sachs banker, began testifying on Thursday before the Senate Finance Committee, which has historically been bipartisan in its demands for transparency from nominees. Mr. Mnuchin was ready to outline his vision for the economy and defend himself against claims that he headed a bank that ran a “foreclosure machine” during the financial crisis.

“The Treasury secretary ought to be somebody who works on behalf of all Americans, including those who are still waiting for the economic recovery to show up in their communities,” said Senator Ron Wyden, the ranking Democrat on the committee. “When I look at Mr. Mnuchin’s background, it’s a stretch to find evidence he’d be that kind of Treasury secretary.”

In a hearing marked by sharp exchanges, Mr. Mnuchin struggled to answer questions about his use of tax havens as a hedge fund manager and whether he thought such loopholes should be closed.

https://www.nytimes.com/2017/01/19/us/politics/steven-mnuchin-treasury-secretary-nominee-assets-confirmation.html?_r=0

[Tommy_Carcetti]

1. In other words...

...he's trying hard to match the level of transparency set by his boss.

[cilla4progress]

2. They are sneering at us

Can't wait till they get their comeuppance. Hope I live long enough.

[Angry Dragon]

3. Trump drained the swamp and put it into his cabinet

[nycbos]

4. I am SHOCKED SHOCKED to find gambling going on here.

Trump drained the swamp alright. He drained it and picked the scum at the very bottom.

[rickford66]

5. Hey, don't we all make this kind of mistake?

[Eugene]

6. "...these omissions were due to a misunderstanding of the questionnaire..."

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On Wednesday night the committee learned Mnuchin had initially failed to disclose he was a director of Dune Capital International, an investment fund incorporated in the Cayman Islands, a tax haven. He also omitted other assets, including $95m in real estate and $906,556 worth of artwork held by his children.

“Mr. Mnuchin has claimed these omissions were due to a misunderstanding of the questionnaire – he does not consider these assets to be ‘investment assets’ and thus did not disclose them, even though the committee directs the nominee to list all real estate assets,” according to documents filed with the committee.

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https://www.theguardian.com/us-news/2017/jan/19/steven-mnuchin-financial-disclosure-confirmation-treasury

[Vinca]

7. Oh, come on you peasants. It was only a hundred million.

Really . . . who's got time to keep track? A million here, a million there, next thing you know you've milked every dime out of the foreclosed homes.