Treasury Pick Steve Mnuchin Denies It, But Victims Describe His Bank as a Foreclosure Machine

Summary: Treasury Secretary nominee Steve Mnuchin kicked off his confirmation hearing Thursday with a defiant opening statement, mostly defending his record as CEO of OneWest Bank. He cast himself as a savior for homeowners after scooping up failed lender IndyMac, working tirelessly to help people save their homes. “It has been said that I ran a ‘foreclosure machine’,” he said. “I ran a loan modification machine.