After lots of handwringing beforehand by people worried about his housing resume, Carson’s Senate confirmation hearing was mostly tame, but Mnuchin, a former executive at Goldman Sachs and chairman of OneWest Bank, formerly IndyMac, was not so lucky. Mnuchin was put through a blistering round of questions from Democrats, including a scolding speech from Sen. Elizabeth Warren, D-Mass.
Warren and other Democrats had solicited complaints from those who had been foreclosed on by OneWest and planned to have them testify during Mnuchin’s hearing, but Sen. Orrin Hatch blocked them from testifying. Mnuchin vigorously defended the actions of OneWest during the foreclosure crisis, noting that the bank tried to do loan modifications whenever possible and pointing out that he was not responsible for originating the loans.
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