US Republican Donald Trump, hedge fund and mafia candidate


This video about the USA says about itself:

Donald Trump‘s business links to the mob – BBC Newsnight

4 March 2016

Donald Trump now looks like the front-runner to be the Republican candidate for the US presidency. One of his big appeals is his business success – and his claim that his wealth means he can’t be bought and sold. But there’s evidence which not only casts doubt on Trump‘s wealth claims – but also reveals his history of business relationships with figures connected to organised crime. John Sweeney reports.

By Patrick Martin in the USA:

Trump names hedge fund boss as finance chairman

7 May 2016

Billionaire Donald Trump, the presumptive Republican presidential nominee, announced Thursday that hedge fund boss Steven Mnuchin had agreed to become his national finance chairman for the general election campaign. Mnuchin will be tasked with raising as much as $1 billion for the Trump campaign and the Republican National Committee.

The decision marks a shift in Trump’s campaign operations, which have largely self-funded and have relied more on free media coverage than paid advertisements. As of the latest reports filed with the Federal Election Commission, the Trump campaign has spent about $48 million, of which $36 million came from a series of loans from the candidate, which could be repaid from future contributions. The remaining $12 million came from individual contributions.

The choice of Mnuchin is a demonstration of the cynical doubletalk that has become a trademark of the Trump campaign. While posturing as the defender of those devastated by the Wall Street crash and the dismal-to-nonexistent economic “recovery” under Obama, Trump has brought in as his finance chairman a Wall Street figure closely tied to the mass evictions and foreclosures that were characteristic of the subprime mortgage collapse.

“Steven is a professional at the highest level with an extensive and very successful financial background,” Trump said in a statement. “He brings unprecedented experience and expertise to a fundraising operation that will benefit the Republican Party and ultimately defeat Hillary Clinton.” Actually, Mnuchin’s “experience” includes making financial contributions to Hillary Clinton for both her US Senate and presidential campaigns.

Mnuchin was a partner for 17 years at Goldman Sachs, the biggest and most influential Wall Street investment bank, which has supplied top Washington officials for decades, including the Treasury secretaries in the administrations of Bill Clinton and George W. Bush.

During his tenure at Goldman Sachs, Mnuchin contributed liberally to the campaigns of Hillary Clinton for US Senate in 2000 and 2006. He continued to support Clinton in her first presidential bid, giving the maximum of $2,300 in 2007. …

Like most Wall Street figures—and Trump himself—Mnuchin cultivated politicians in both parties, giving contributions to Republicans Rudy Giuliani, Steve Forbes and Mitt Romney, as well as Democrats including John Edwards, Charles Schumer, Al Gore and John Kerry. …

After leaving Goldman Sachs in 2009, Mnuchin moved to Los Angeles and launched OneWest Bank Group LLC, serving as president and CEO for six years, with significant financial backing from a group of billionaires including George Soros, a longtime backer of the Democratic Party and Hillary Clinton. The bank was sold last year to CIT Group for $3.4 billion.

Mnuchin also opened a hedge fund, Dune Capital, which provided financing for several top-grossing Hollywood films, including Avatar, several iterations of the X-Men franchise, and the hideous pro-war film American Sniper.

As a banker, Trump’s new fundraising chief made a specialty of targeting the most vulnerable sections of borrowers, including the elderly and racial minorities. Among the facts reported in the press over the past 24 hours are the following:

· According to a judge in Long Island, OneWest Bank engaged in “harsh, repugnant and repulsive” acts in attempting to evict a couple from their home around Thanksgiving. In 2009 the judge erased $525,000 in mortgage debt as a penalty. He also called the bank’s conduct “inequitable, unconscionable, vexatious and opprobrious.”

· OneWest attempted to foreclose on an 89-year-old widow in California, Irene Jones, who said that the stress of repeated foreclosure threats had contributed to her husband’s depression and subsequent death.

· The bank changed the locks on a Minnesota woman, Leslie Park, during a blizzard, during which she returned home and discovered she could not gain shelter in her own home.

· The California Reinvestment Coalition found that OneWest’s reverse mortgage servicing subsidiary Financial Freedom was responsible for 39 percent of reverse mortgage foreclosures, although it held only 17 percent of the market for reverse mortgages, which are primarily contracted with the elderly. OneWest was thus foreclosing its elderly customers at twice the average rate.

· Of the 35,877 foreclosures the bank carried out over a six-year period in California, more than two-thirds took place in neighborhoods that were more than 50 percent nonwhite—black, Hispanic or Asian.

· In 2011, Mnuchin encountered “protests on the lawn of his Bel Air mansion by foreclosed homeowners angered at his lender’s handling of soured mortgages,” according to Bloomberg.

All in all, a record that explains the mutual attraction between the financier and the political con-man who is about to become the Republican presidential nominee, posing as the advocate of the downtrodden and dispossessed.

Trump accepted the endorsement of the West Virginia Coal Association, the very body that has directed the attack on the jobs, pensions and safety conditions of the state’s miners: here.

As it becomes increasingly likely that Donald Trump will be the Republican presidential candidate in the autumn, concern is growing in European capitals over the consequences. The fact that Trump’s ascendancy is of major international significance is recognised on all sides: here.

108 thoughts on “US Republican Donald Trump, hedge fund and mafia candidate

  1. Pingback: Donald Trump, Hillary Clinton scandals update | Dear Kitty. Some blog

  2. Pingback: Florida, USA people fear political violence | Dear Kitty. Some blog

  3. Pingback: ‘Between two evils’, United States presidential early voting | Dear Kitty. Some blog

  4. Pingback: Hillary Clinton, Donald Trump news update | Dear Kitty. Some blog

  5. Pingback: United States voters ‘between two evils’ | Dear Kitty. Some blog

  6. Pingback: Florida Puerto Ricans and elections | Dear Kitty. Some blog

  7. Pingback: Trump would get only 6% of Dutch votes | Dear Kitty. Some blog

  8. Pingback: Obama’s presidency, an incomplete balance sheet | Dear Kitty. Some blog

  9. Pingback: Donald Trump’s rhetoric analyzed | Dear Kitty. Some blog

  10. Pingback: Clinton, Trump, a British view | Dear Kitty. Some blog

  11. Pingback: Racist Trump US president, who’s to blame? | Dear Kitty. Some blog

  12. Pingback: Trump elected US president, reactions | Dear Kitty. Some blog

  13. Pingback: Trump elected US president, a British view | Dear Kitty. Some blog

  14. Pingback: Big anti-Trump demonstrations | Dear Kitty. Some blog

  15. Pingback: Trump elected president, reactions | Dear Kitty. Some blog

  16. Pingback: Donald Trump elected, what now? | Dear Kitty. Some blog

  17. Pingback: The Clinton Foundation and Britain | Dear Kitty. Some blog

  18. Pingback: Donald Trump helps military-industrial complex | Dear Kitty. Some blog

  19. Pingback: Trump elected, British reactions | Dear Kitty. Some blog

  20. Pingback: Anti-Trump protests continue | Dear Kitty. Some blog

  21. Pingback: Iraq war veterans on Donald Trump | Dear Kitty. Some blog

  22. Pingback: Donald Trump parody song | Dear Kitty. Some blog

  23. Pingback: Anti-Trump movement continues | Dear Kitty. Some blog

  24. Pingback: President Trump, more militarism yet | Dear Kitty. Some blog

  25. Pingback: Trump elected, a British view | Dear Kitty. Some blog

  26. Pingback: Donald Trump’s far-right nominees | Dear Kitty. Some blog

  27. Pingback: Donald Trump’s Islamophobia | Dear Kitty. Some blog

  28. Pingback: Donald Trump opposed by Green Day punk rockers | Dear Kitty. Some blog

  29. Pingback: Donald Trump, militarism and Hamilton | Dear Kitty. Some blog

  30. Pingback: Nazi salutes at Washington Trump election victory celebration | Dear Kitty. Some blog

  31. Pingback: Donald Trump, why he won | Dear Kitty. Some blog

  32. Pingback: Trump’s biographer, now refugee from the USA? | Dear Kitty. Some blog

  33. Pingback: Trump leaves education to Blackwater, Amway cult | Dear Kitty. Some blog

  34. Pingback: Thanksgiving in the USA, from Lincoln to Trump | Dear Kitty. Some blog

  35. Pingback: Hunt with Trump’s elephant-killing sons for $1,000,000 | Dear Kitty. Some blog

  36. Pingback: Donald Trump’s religious adviser, selling eternal life for $1,114, prays at inauguration | Dear Kitty. Some blog

  37. Pingback: Donald Trump’s tax cuts for himself, fellow billionaires | Dear Kitty. Some blog

  38. Pingback: Theresa May profiting from Carillion collapse | Dear Kitty. Some blog

  39. Pingback: Italian right-wing government persecutes anti-mafia author | Dear Kitty. Some blog

  40. Pingback: Fahrenheit 11/9, Michael Moore’s new film, a critical review | Dear Kitty. Some blog

  41. Pingback: Donald Trump scared of socialism | Dear Kitty. Some blog

  42. Pingback: ‘Populism’, a much abused word | Dear Kitty. Some blog

  43. Pingback: United States federal workers victims of government shutdown | Dear Kitty. Some blog

  44. Pingback: American journalist William Arkin resigns from pro-war NBC | Dear Kitty. Some blog

  45. Pingback: Big Pharma Novartis extorting people with cancer | Dear Kitty. Some blog

  46. Pingback: California, USA teachers keep fighting | Dear Kitty. Some blog

  47. Pingback: Donald Trump’s Fourth of July militarism | Dear Kitty. Some blog

  48. Pingback: Trump condemned at Muhammad Ali’s funeral | Dear Kitty. Some blog

  49. Pingback: ‘Anti-fascism is terrorism’, Donald Trump says | Dear Kitty. Some blog

  50. Pingback: Billionaire pedophilia suspect Epstein, suicide or …? | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.