Otting and Mnuchin have experience in rehabbing troubled banks and then selling them. The duo previously turned around the failed IndyMac Bank and sold it for a large profit. Otting made reference ...
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Steven Mnuchin’s interest in TikTok and NYCB echoes his pre-Trump investment playbookHe famously swooped in to turn around the struggling IndyMac bank after its failure in the financial crisis of 2008. But for critics, Mnuchin’s dealmaking also raises concerns about ethics.
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