Robbing Hood - Part 3: All The Other Shit

The Steve Mnuchin Story

Interview | Description | Timestamps | Show Notes

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“Two things have become abundantly clear: (1) obtaining a clear and transparent explanation of all of his roles, positions and dealings, is close to impossible and (2) he is a massive dick.”
— Peter McCormack

SHOW DESCRIPTION

Treasury Secretary Steven Mnuchin is one of the most powerful financiers in the world. As Treasury Secretary of the US, he is the principal advisor to the President and the Cabinet on economic issues and is responsible for formulating and recommending domestic and international financial, economic, and tax policies.

So how did he get there?

Mnuchin followed in his father's footsteps by joining Goldman Sachs after graduating from Yale. He quickly ascended the ranks at the investment bank and following his departure in 2002 he built a reputation as someone who profited from the misery of others after his bank, OneWest, turned into a "foreclosure machine" in the aftermath of the 2008 financial crisis. 

Mnuchin’s questionable career practices are not strictly limited to Wall Street. In 2004 he founded Dune Entertainment as a side business, which was the financier of numerous notable films, mostly for 20th Century Fox, including the X-Men film franchise and Avatar, as well as several flops.

Dune Entertainment allowed Mnuchin to pursue his goal of expanding his creative side and rubbing shoulders with Hollywood’s elite. It would also allow him to use his enormous political and financial muscles to catapult the career of his future wife, Louise Linton.

With beneficial tax breaks, sordid Hollywood partners, lawsuits and scandals; corruption in Hollywood would be just as prevalent as it is on Wall Street.

In Part 3 of Robbing Hood, we look into Mnuchin’s Dune Entertainment, his wife Louise Linton and his time on the board at Sears.

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