Friday, February 3, 2017

Wall Street Titan "Trips Up Again" or Did He?

Abu Arqala Reports, But You Decide

According to The Columbus Dispatch:
President Donald Trump's nominee for U.S. treasury secretary was untruthful with the Senate during the confirmation process, documents uncovered by The Dispatch show.  Steve Mnuchin, former chairman and chief executive officer of OneWest Bank, known for its aggressive foreclosure practices, flatly denied in testimony before the Senate Finance Committee that OneWest used "robo-signing" on mortgage documents.  But records show the bank utilized the questionable practice in Ohio.
"Untruthful" presumes that Secretary Mnuchin deliberately misled the Senate.   

That's a rather damning indictment of Mr. Mnuchin who the "World's Greatest Deliberative Body"--at least according to their own assessment--recently confirmed as Secretary of Treasury after what was no-doubt grueling examination of his qualifications, behavior, and ethics.

But are there other explanations? 

Of course there are! 
  1. Mr. Mnuchin was not familiar with the term "robo signing" and believe it referred to robots. So he answered sincerely that not a single robot signed a document.  An admirable stance for a member of an Administration that has pledged to create jobs for Americans. 
  2. "Robo-signing" by humans did occur, but even though he was Chairman and CEO, Mr. Mnuchin was so out of touch that he really didn't know what was going on at One West.  Luckily, a firm grasp of reality is not a prerequisite for a cabinet post in the current Administration.  
  3. According to The Columbus Dispatch's "facts" robo-signing did take place, but according to Mr. Mnuchin's "facts", it did not.  In such a case, the simple answer is teach our children both sets of "facts" and let them make up their own minds.  

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