Mnuchin says next U.S. Treasury secretary should sell $700 million YRC loan

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U.S. Treasury Secretary Steven Mnuchin said on Thursday he would recommend that his successor next year consider selling the $700 million emergency government loan made to trucking company YRC Worldwide at a profit for taxpayers.

FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin looks on before testifying at the U.S. House Select Subcommittee on the Coronavirus Crisis on the Trump administration's response to country's economic crisis, on the Capitol Hill in Washington, D.C., U.S. September 1, 2020. Graeme Jennings/Pool via REUTERS/File Photo

The $700 million loan to YRC, which reported a net loss of $104 million in 2019, came with a 30% equity stake in the trucking firm. Members of the bipartisan Congressional Oversight Commission established under the $2 trillion CARES Act grilled Mnuchin on the decision to make the loan to YRC, a company that has been frequently in financial difficulty.

 

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Who cares what Mnuchin says? Seriously

so his buddies can buy it

No one is taking munchbutts advice

stevenmnuchin1 can shove it and retire his pompous and arrogant ass into obscurity.

I don’t think the next Treasury Secretary needs advice from this guy.

And buy bitcoin

95% only bad news(

StephanieKelton Thoughts?

To his or 400 lb king chetto lardo,,prince$$ NIPPLE$$$$$$$$$$$$$$$ ivanka...Jared

they’ll take it under advisement

Unfortunately American history will not view kindly on Mnuchin

Mnuchin should be investigated for covering up for Trump and not handing over the Trump's taxes to the House as required by law. You should ask Mnuchin about his part in Sears.

Just finish out your term and go home. Treasury Secretary Yellen will make her own decisions

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