Steven Mnuchin is a former U.S. Treasury secretary who said this week that he is interested in buying TikTok, just days after his investment firm led a $1 billion deal to inject life into a beaten-down bank. It all sounds like a wacky Hollywood script, but it actually fits with Mnuchin's career.
FILE - Former Treasury Secretary Steve Mnuchin speaks with reporters at the White House, March 13, 2020, in Washington. Mnuchin is interested in buying TikTok, just days after his investment firm led a $1 billion deal to inject life into a beaten-down bank.FILE - Former Treasury Secretary Steven Mnuchin leaves Federal Court after testifying in Tom Barrack’s trial, Oct. 20, 2022, in the Brooklyn borough of New York.
“When you’re at the top of the financial policymaking hierarchy, you don’t jump from that to figure out how you can help yourself,” Weissman said. Much of that money was from government-controlled investment funds in Saudi Arabia and other Persian Gulf states, which Mnuchin had frequently visited as Treasury secretary. He was in the Middle East just weeks before leaving office, cutting the trip short after the Jan. 6 Capitol riot.
OneWest bought all of IndyMac’s deposits and assets at a discount of $4.7 billion following an auction by the Federal Deposit of Insurance Corp. The FDIC also agreed to share in the losses created by some mortgages tied to single-family homes. Advocates found the bank particularly difficult to work with under government mortgage modification programs. Some of those who lost their homes had voted for Trump in 2016 and were
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Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTokMnuchin, a Republican who was Treasury secretary under former President Trump, said he is assembling an investor group to try to purchase the China-based company.
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Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTokMnuchin did not specify who the other investors would be in such a deal or the potential valuation for the social media site.
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Former Treasury Secretary Steven Mnuchin is putting together an investor group to buy TikTokFormer Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance’s TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S.
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Former Treasury Secretary Steven Mnuchin Plans to Buy TikTokSee multiple perspectives from CNBC, Washington Examiner, and NPR (Online News) at AllSides.com.
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Trump Official Wants to Buy TikTokSteven Mnuchin eyes TikTok buyout amid U.S. ban threats, spotlighting national security.
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Former Treasury Secretary Mnuchin says he's putting together group to buy TikTokFormer Treasury Secretary Steven Mnuchin says he's going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn't sell its stake.
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