Here's a smart person deconstructing Steven Mnuchin's dumb speech about cryptocurrencies

Secretary of the Treasury Steven Mnuchin made a fortune during the real estate boom when he "rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions."

This unctuous gentleman would like you to believe that Bitcoin is the place where financial crime is happening now, most likely as a way to distract people from the fact that the crimes perpetrated by the major financial institutions owned by his friends dwarf the fraudulent activities around Bitcoin. — Read the rest

Steve Mnuchin stole Cesar Sayoc's house

Before Steve Mnuchin was in charge of the nation's economy, he was a foreclosure kingpin who left Goldman Sachs to found OneWest Bank (with money from George Soros!) in 2008; after the crisis, OneWest Bank acquired busted mortgage lender IndyMac, and became a notorious foreclosure mill, using robo-signed, back-dated, fraudulent documents to steal peoples' houses.

Steven Mnuchin and Louise Linton may have used a government plane to watch the eclipse

The Citizens for Ethics and Responsibility in Washington (CREW) filed a Freedom of Information Act requesting "the justification for [Treasury] Secretary Mnuchin's use of a government plane, rather than a commercial flight, for a trip that seems to have been planned around the solar eclipse and to enable the secretary [and his white savior memoirist spouse Louise Linton] to secure a viewpoint in the path of the eclipse's totality." — Read the rest

Trump administration gave a $700M bailout to a $70M truck company after it allegedly defrauded the Pentagon

The Washington Post reports:

The Treasury Department announced Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company.

Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide, while taking a 29.6 percent equity stake in the company.

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Social security for all — for now

America has no fire drill for economic uncertainty. What is going to happen today, April 1st, in the middle of an unprecedented pandemic, when everyone's rent, mortgages, and bills are due?

Rep Katie Porter: an Elizabeth Warren protege and single mom who destroys bumbling, mediocre rich guys in Congressional hearings

In 2018, Katie Porter flipped a Republican safe seat — it had literally never been held by a Democrat– in California's 45th District, and since then, she has been a delightful, brilliant terror of a lawmaker, using her deep background in finance law (she's a tenured finance law prof at UC Irvine who literally wrote the textbook on consumer finance law in the wake of Dodd-Frank and Elizabeth Warren's establishment of the Consumer Finance Protection Bureau).

The eminently electable Bernie Sanders enjoys strong support from African-Americans and young people

When critics want to dismiss Bernie Sanders's bid to be the Democratic presidential candidate in 2020, the say that he is too old and too white, and incapable of bringing young people and racialized people to the polls, the way that, say, Obama did in 2008 (after all, American politics is as much a contest of who votes and who doesn't as it about whom they vote for).

Trump White House cancels Davos trip for World Economic Forum

The planned delegation included Pompeo and Mnuchin.

White House press secretary Sarah Sanders says the Trump administration has canceled a planned trip to Davos, Switzerland, for the World Economic Forum. The announcement was made today, Thursday, the 27th day of Trump's partial government shutdown.