At LATIMES by Jim Puzzanghera
President-elect Donald Trump
has chosen Steven Mnuchin, a wealthy Wall Street executive and
Hollywood movie producer who served as his campaign finance chairman, to
be the next Treasury secretary, according to a person familiar with the
Mnuchin’s deep roots on Wall Street fit the
mold of past Treasury secretaries but contrast with the populist stance
that Trump took during his campaign.
Mnuchin would be the second billionaire member of Trump’s Cabinet, after Betsy DeVos, who is Trump’s pick for Education secretary, and the third would be financier Wilbur Ross, who has been selected as Commerce secretary.
Mnuchin’s selection — which was first reported Tuesday by the New York Times
— drew ire from Democratic and liberal groups, which have accused him
of profiting from the financial crisis after buying the failed IndyMac
Bank in 2009.