Trump's team saw opportunity in a devastating financial crisis
7 monthes ago - By Politico
Millions of average Americans lost their livelihoods and homes as the global financial crisis spiraled out of control a decade ago. But not President Donald Trump and his administration's top financial advisers, who treated the meltdown as a chance to get richer. Steven Mnuchin, now Treasury secretary, led a group of investors who bought a failed thrift with government help and then sold it at a profit. Commerce Secretary Wilbur Ross, then CEO of a buyout firm, also made money from U.S.-backed purchases of failed banks. Former White House economic adviser Gary Cohn, then president of...
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