Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez today called on Treasury Secretary Steven Mnuchin to disclose more information about his role in the demise of Sears
Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez Thursday called on Treasury Secretary Steven Mnuchin to disclose more information about his role in the demise of Sears, where he served as a board member before the retailer's bankruptcy.to Mnuchin, the liberal icons said they were "deeply concerned by the financial engineering and potentially illegal activity" that took place at Sears while he was a board member, leading to thousands of lost jobs.
Last month, Sears named Mnuchin in a lawsuit against former CEO Edward Lampert, a close friend of the Treasury secretary, alleging that board members helped Lampert and his hedge fund strip more than $2 billion from the company. Warren, a Massachusetts Democrat who has rooted her 2020 presidential campaign in combating Wall Street, released an accompanying explainer video with Ocasio-Cortez.
"Mr. Mnuchin is President Trump's Treasury secretary, and he is a walking example of what happens when rich and powerful people put other rich and powerful people into power," Ocasio-Cortez said in the video with Warren. Earlier this month, Ocasio-Cortez, a New York Democrat, also gave the White House run of Sen. Bernie Sanders a boost by teaming up with him on a bill that would cap credit card interest rates.
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