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Warren, Ocasio-Cortez Unleash Fury Over Steve Mnuchin's Role In Sears Downfall


Added 05-23-19 02:54:02pm EST - “The two tore into the treasury secretary for profiting from Sears' bankruptcy as a board member of the company.” - Huffpost.com

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Posted By TheNewsCommenter: From Huffpost.com: “Warren, Ocasio-Cortez Unleash Fury Over Steve Mnuchin's Role In Sears Downfall”. Below is an excerpt from the article.

Treasury Secretary Steven Mnuchin, whose role is foster economic growth and job creation, did the opposite as a Sears board member, profiting from the once-mighty retailer’s downfall and costing thousands of workers their jobs, Sen. Elizabeth Warren (D-Mass.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) say.

Warren and Ocasio-Cortez tore into Mnuchin Thursday in a three-minute video posted on Twitter, along with college roommate Eddie Lampert, who became CEO of Sears after his hedge fund bought the company and merged it with Kmart. The lawmakers accused the two billionaires of plundering Sears for their own personal gains.

Before @StevenMnuchin1 became Treasury Secretary, he was on the board of @Sears, where he helped gut the company and fire thousands of employees. Now, @AOC and I have some tough questions for him. pic.twitter.com/hS25rPOsYa

“Washington is supposed to work for everyone. Instead, the rich & powerful like @StevenMnuchin1 & Eddie Lampert use it to become even more rich & powerful, while workers are left holding the bag. This is the DC swamp at its worst,” Warren tweeted.

In a five-page letter, the lawmakers asked Mnuchin to provide information about his role as a Sears board member and about the Treasury Department’s continued involvement with Sears.

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