Fed Up Responds To Confirmation Of Steven Mnuchin
Says Mnuchin will exacerbate risk of a new financial crisis
NEW YORK – The Center for Popular Democracy’s Fed Up campaign released the following statement from Fed Up Campaign Manager Jordan Haedtler in response to the confirmation of Steven Mnuchin as U.S. Treasury Secretary:
“A man who profited from the last financial crisis should not be entrusted to prevent the next one. We are outraged that the United States Senate voted tonight to confirm Steve Mnuchin as Treasury Secretary, despite his egregious record of foreclosing on tens of thousands of people, and his demonstrable lies to the Senate Finance Committee.
With Trump and congressional Republicans threatening to gut Wall Street regulations, repeal Dodd-Frank through the Financial CHOICE Act, and more, the confirmation of a longtime Goldman Sachs insider at Treasury is another damning sign that Trump is betraying his campaign promises to drain the swamp and create jobs. With the appointment of Mnuchin Trump has shown that he is willing to destroy millions of jobs to make his billionaire friends even richer.
Tomorrow morning, Fed Up coalition members from around the country will rally at the Senate for a day of action in opposition to Trump’s corporate takeover, which risks driving our economy to another crash. We will be meeting with congressional staff throughout the day to demand that members of Congress oppose the Financial CHOICE Act, and stand up to the rollback of critical financial and consumer protections.”
The Center for Popular Democracy promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country. CPD builds the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial justice agenda.
Fed Up is a coalition of community organizations and labor unions across the country calling on the Federal Reserve to reform its governance and adopt policies that build a strong economy for the American public. The Fed can keep interest rates low, give the economy a fair chance to recover, and prioritize genuine full employment and rising wages for all communities.