[Congressional Record (Bound Edition), Volume 162 (2016), Part 11]
[House]
[Page 15493]
[From the U.S. Government Publishing Office, www.gpo.gov]




              PRESIDENT-ELECT TRUMP'S TREASURY NOMINATION

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute.)
  Ms. KAPTUR. Mr. Speaker, I rise tonight in alarm over the stacking of 
Wall Street insiders in top positions for the incoming administration.
  During his campaign, President-elect Donald Trump said the system is 
rigged. He said hedge fund managers are ``getting away with murder'' 
and that he would ``tax Wall Street'' and called Washington, D.C., 
corrupt and promised to ``drain the swamp.'' President-elect Trump even 
closed his campaign with a political ad bashing Goldman Sachs.
  Yet now, according to media reports, he has chosen a second-
generation Goldman Sachs partner, Steven Mnuchin, to serve as Treasury 
Secretary. He will take the post most responsible for watching and 
regulating the dangerous, high-risk, high-stakes gambling behavior of 
Wall Street, which he has himself engaged in for decades. He worked at 
Goldman Sachs for 17 years. His father worked there. His brother still 
works there, and he frequently returns for alumni and social 
gatherings. He was named the ``Foreclosure King'' after buying up the 
remains of IndyMac, a California-based mortgage lender, and evicted 
approximately 36,000 people who could not keep up their mortgage 
payments.
  The last three administrations have had Goldman executives at the 
helm inside the White House and Treasury. While President-elect Trump 
promises to drain the swamp, he is not doing it. He is enlarging it.

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