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Steven Mnuchin    

Investment Banker and Film Producer; Secretary of the Treasury under President Trump

Steven Mnuchin is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021. Previously, Mnuchin had been a hedge fund manager and investor.

Upon graduating from Yale University in 1985, Mnuchin joined the investment bank Goldman Sachs where his father, Robert E. Mnuchin, was a General Partner. Mnuchin worked at Goldman Sachs for 17 years, eventually becoming its Chief Information Officer. After he left Goldman Sachs in 2002, he worked for and founded several hedge funds. Mnuchin was a member of Sears Holdings's Board of Directors from 2005 until December 2016, and prior to this, Mnuchin served on Kmart's Board of Directors. After Sears went bankrupt, the company that formerly owned it sued Mnuchin and ex-CEO Edward Lampert for "asset stripping" during their tenure. During the financial crisis of 2007–2008, Mnuchin bought failed residential lender IndyMac. He changed the name to OneWest Bank and rebuilt the bank, then sold it to CIT Group in 2015. During his time as OneWest CEO and Chairman, the bank became embroiled in several lawsuits over questionable foreclosures.

Mnuchin joined Trump's presidential campaign in 2016, and was named National Finance Chairman for the campaign. On February 13, 2017, Mnuchin was confirmed by the U.S. Senate as Secretary of the Treasury by a vote of 53–47.As Secretary of the Treasury, Mnuchin supported the tax reform of 2017 and advocated reducing corporate tax rates. In regard to regulatory policy, Mnuchin supports a partial repeal of Dodd-Frank, citing the complexity of the legislation.

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