“My No. 1 priority is growth in the economy. Tax reform will be our first and most important part of that.”
― Steve Mnuchin
“I ran a ‘loan modification machine.’”
― Steve Mnuchin
“One of the big problems we had during the financial crisis was the intermingling of banks and holding companies and complex securities.”
― Steve Mnuchin
“We were the first bank to start a loan modification at IndyMac and had a very good record of working with the regulators.”
― Steve Mnuchin
“The U.S. currency has been the most attractive currency to be in for very, very long periods of time.”
― Steve Mnuchin
“I’ve been focused on the West Coast economy and being a banker and lending in these markets.”
― Steve Mnuchin
“I felt great empathy for the thousands of Americans who lost their home because of a system that failed them.”
― Steve Mnuchin
“Any time I hear ‘border adjustment,’ I don’t love it. Because usually it means we’re going to get adjusted into a bad deal.”
― Steve Mnuchin
“We want to see huge growth in this economy in small- and medium-sized businesses.”
― Steve Mnuchin
“I think the United States is the greatest country in the world to invest in.”
― Steve Mnuchin
“Since I was first nominated to serve as Treasury Secretary, I have been maligned as taking advantage of others’ hardships in order to earn a buck. Nothing could be further from the truth.”
― Steve Mnuchin
“I fully believe that the U.S. has the obligation to honor its debt.”
― Steve Mnuchin
“I understand what needs to be done to fix the economy.”
― Steve Mnuchin
“The IndyMac name had a lot of brand recognition – maybe for the wrong reasons, but there was recognition.”
― Steve Mnuchin
“I’ve always believed in supporting the best candidate at the time.”
― Steve Mnuchin
“There is no question: the Hollywood crowd predominantly supports Democrats.”
― Steve Mnuchin
“We gotta get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have.”
― Steve Mnuchin
“I would say the No. 1 problem with the Volcker Rule is it’s too complicated, and people don’t know how to interpret it.”
― Steve Mnuchin
“Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class.”
― Steve Mnuchin
“The most troubling loan we had was actually to the ‘Octomom’. That was a terrible situation, and we worked very, very hard to move her to another home that they could afford.”
― Steve Mnuchin
“From time to time, an excessively strong dollar may have negative short-term implications on the economy.”
― Steve Mnuchin
“The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America.”
― Steve Mnuchin
“A stronger dollar increases U.S. dollar purchasing power.”
― Steve Mnuchin
“To the extent the dollar gains strength relative to other currencies, assets priced in those other currencies would become cheaper on a dollar basis.”
― Steve Mnuchin
“We’re going to cut corporate taxes, which will bring huge amounts of jobs back to the United States.”
― Steve Mnuchin
“There will be a big tax cut for the middle class. But any tax cuts we have for the upper class will be offset by less deductions that will pay for it.”
― Steve Mnuchin
“I think that the United States is the greatest country in the world to invest in.”
― Steve Mnuchin
“We’re really going to be focused on economic growth and creating jobs, and that’s really going to be a priority.”
― Steve Mnuchin
“Our most important priority is sustained economic growth, and I think we can absolutely get to sustained 3% to 4% GDP, and that is absolutely critical for the country.”
― Steve Mnuchin
“The number one priority is going to be make sure that banks lend.”
― Steve Mnuchin
“The biggest issue I have with the CFPB is that I don’t believe that they should be funded out of profits from the Federal Reserve.”
― Steve Mnuchin
“The unemployment rate is not real.”
― Steve Mnuchin
“I don’t support going back to Glass-Steagall as is.”
― Steve Mnuchin
“I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can’t do, and that they can provide the necessary function of liquidity in customer markets.”
― Steve Mnuchin
“Separating out banks and investment banks right now under Glass-Steagall would have very big implications to the liquidity and the capital markets and banks being able to perform necessary lending.”
― Steve Mnuchin
“I did not use a Cayman Island entity to avoid paying taxes for myself.”
― Steve Mnuchin
“We shouldn’t be encouraging people to set up Cayman Island funds.”
― Steve Mnuchin
“In the press, it has been said that I ran a foreclosure machine.”
― Steve Mnuchin
“Taxes are way too complicated, and people spend way too much time worrying about ways to get them lower.”
― Steve Mnuchin
“The number one problem with Dodd-Frank is it’s way too complicated, and it cuts back lending, so we want to strip back parts of Dodd-Frank that prevent banks from lending, and that will be the number one priority on the regulatory side.”
― Steve Mnuchin
“We’ve been in the business of regional banking, and we understand what it is to make loans, and that’s the engine of growth to small and medium sized business.”
― Steve Mnuchin
“I have given to Democrats in the past. I’ve always believed in supporting the best candidate at the time.”
― Steve Mnuchin
“I wouldn’t in any way say I distanced myself from Wall Street.”
― Steve Mnuchin
“I have very good friends on Wall Street.”
― Steve Mnuchin
“I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.”
― Steve Mnuchin
“The IMF and other multilateral institutions do not appear to have prevented nations from manipulating the value of their own currencies.”
― Steve Mnuchin
“There’s very widespread grassroots support for Donald Trump, one that Republicans have not seen before.”
― Steve Mnuchin
“Look, there is no question the Hollywood crowd predominantly supports Democrats. But within Los Angeles, there’s a big community, and there’s a large community of support for the Republican party and Republican candidates.”
― Steve Mnuchin
“I will use my expertise in technology to bring the IRS up to date.”
― Steve Mnuchin
“I firmly believe that the U.S. has to honor its debt.”
― Steve Mnuchin
“Trump has a pro-economic-growth tax plan, and we are sensitive to the cost of that plan.”
― Steve Mnuchin
“We unfortunately did foreclose on certain people in the military.”
― Steve Mnuchin
“As treasury secretary, I don’t see it as my role commenting on the dollar in short-term movements.”
― Steve Mnuchin
“I earnestly feel terrible for any mistakes at the bank.”
― Steve Mnuchin
“I would deal with President Trump’s business no different than I would deal with any other business that comes before the committee.”
― Steve Mnuchin
“I have been maligned as taking advantage of others’ hardship in order to make a buck. Nothing could be further from the truth.”
― Steve Mnuchin
“I wish the company and its associates all the best as Sears Holdings continues on its transformation.”
― Steve Mnuchin
“Proprietary trading does not belong in banks with FDIC insurance.”
― Steve Mnuchin
“The way to reduce the debt is by economic growth.”
― Steve Mnuchin
“I’ve had several different careers.”
― Steve Mnuchin
“We should address the issues for nonprofits and pensions and why they need to invest in these offshore funds.”
― Steve Mnuchin
“We want to make sure that tax reform doesn’t increase the size of the deficit.”
― Steve Mnuchin
“The administration will look at Glass-Steagall and what I referred to as the 21st-century Glass-Steagall as part of regulatory reform.”
― Steve Mnuchin
“We are going to have an integrated plan and work closely between commerce and treasury to make sure that we drive growth in this country. Our number one priority is sustained 3-4% GDP.”
― Steve Mnuchin
“If you look at Apple… They are sitting on hundreds of billions of dollars in cash, and they go out and borrow money against their overseas bank accounts. This makes no sense.”
― Steve Mnuchin
“We want to cut the corporate taxes, which will bring back growth.”
― Steve Mnuchin
“Our first priority is to cut taxes.”
― Steve Mnuchin
“Let me tell you, one of the most proud aspects of my career was buying Indymac during the financial crisis.”
― Steve Mnuchin
“I used to have a pseudonym for Twitter, and I’m trying to get my check to verify me.”
― Steve Mnuchin
“We need a president that’s going to be focused on growth.”
― Steve Mnuchin
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