“Instead of investing in the company, he sucked about $6 billion in value out of it and then did stock buybacks, which certainly made him a lot of money,” Warren, a Democratic presidential candidate, said of Lampert.filed by Sears Holdings in April of allegedly stealing billions of dollars from the store chain.
With that in mind, Warren and Ocasio-Cortez posed several questions to Mnuchin and gave him a June 13 deadline to respond. The company’s creditors contend Lampert, along with Sears’ biggest shareholders, unduly benefited from deals that occurred on his watch. Specifically, the spinoff of Lands’ End in 2014 and transactions with Seritage Growth Properties, a real estate investment trust Lampert created through some Sears properties a year later.
It further alleged that, “In an effort to create a false record to cover up their asset stripping, at Lampert’s personal direction, Sears employees repeatedly produced financial plans reflecting fanciful, bad-faith predictions that the company would experience an immediate and dramatic turn-around from deep and mounting losses to sudden profitability.”
LaurieKrebsbac1 Go get him, ladies. The swamp just gets swampier.
316alco jodotcom hear is more evidence of swamp behavior by Mnuchin as Treasury Secretary. To favor the sears CEO over the employees & creditors.
I hate the rich
With great respect and admiration RepMaxineWaters ⤵
A deeply corrupt official in Trump's so-called government? Say it ain't so!!😱🤯
screw that. bad bussiness get the hell off the tax payer
'We are certain that, as Kleptocracy Secretary, you’re I only motivation to take actions that benefit Sears’ shareholders and owners at the expense of workers and taxpayers,' the lawmakers wrote in a letter dated May 23 to Sec. Mnuchin.
We are concerned that Democrats are crazed lunatics and in position to destroy the country.
Clearly, thi
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Elizabeth Warren and Alexandria Ocasio-Cortez target Treasury Secretary Steven Mnuchin over Sears bankruptcyIn a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's decisions. 20% OFF FOR ALL VETERAN APPAREL!!! Veterans VETERAN Vets GodBlessAmerica get him.....he's as crooked as an old man's back Now we see why DonTheCon chose him.
Source: CNBC - 🏆 12. / 72 Read more »
Warren, Ocasio-Cortez press Mnuchin for answers on Sears bankruptcySen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez today called on Treasury Secretary Steven Mnuchin to disclose more information about his role in the demise of Sears That’s a powerhouse team❣️ I doubt he shops at Sears. :) I would like to ask AOC about socialism's role in the destruction of every society it has been tried.
Source: politico - 🏆 381. / 59 Read more »
Warren, Ocasio-Cortez demand answers on Sears bankruptcy from MnuchinThe congresswomen say they are 'deeply concerned by the financial engineering' that occurred while the Treasury chief served on the retailer’s board the king of foreclosure Once again showing their ignorance. Sears went the way of many other brick and mortar stores. The internet and shopping on line destroyed their balance sheet. Not many people shop at the store these days! Where is smoke there is fire, but this could be a big nothing. It may also be an attempt to harass him because he supports Trump.
Source: washingtonpost - 🏆 95. / 72 Read more »
Parents Assure Scared Child There’s No Such Thing As Skip BaylessEVERETT, WA—In an effort to comfort the weeping, hysterical child, local parents Rick and Bridget Sears assured their scared 5-year-old son Caleb that there was no such thing as Skip Bayless, sources confirmed Wednesday. “Honey, relax—I know he’s scary, but Skip Bayless is just something on TV and isn’t real,” said mother Bridget Sears while the boy’s father admonished their older son for leaving the television on FS1’s Undisputed when he knew how terrifying Bayless could seem to young children. “I’m sure your friends all told you he exists, but Skip Bayless is just a fake character created to frighten people. He’s not hiding anywhere waiting to yell at you. I promise.” At press time, Caleb’s older brother was reportedly telling the 5-year-old that if he said the TV commentator’s name three times out loud, Skip Bayless would appear and take him. This deserves a billion likes. Oh, the lies we tell our children... Who?
Source: TheOnion - 🏆 724. / 51 Read more »
Warren, Ocasio-Cortez press Mnuchin for answers on Sears bankruptcySen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez today called on Treasury Secretary Steven Mnuchin to disclose more information about his role in the demise of Sears That’s a powerhouse team❣️ I doubt he shops at Sears. :) I would like to ask AOC about socialism's role in the destruction of every society it has been tried.
Source: politico - 🏆 381. / 59 Read more »
Elizabeth Warren and Alexandria Ocasio-Cortez target Treasury Secretary Steven Mnuchin over Sears bankruptcyIn a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's decisions. 20% OFF FOR ALL VETERAN APPAREL!!! Veterans VETERAN Vets GodBlessAmerica get him.....he's as crooked as an old man's back Now we see why DonTheCon chose him.
Source: CNBC - 🏆 12. / 72 Read more »
Warren, Ocasio-Cortez demand answers on Sears bankruptcy from MnuchinThe congresswomen say they are 'deeply concerned by the financial engineering' that occurred while the Treasury chief served on the retailer’s board the king of foreclosure Once again showing their ignorance. Sears went the way of many other brick and mortar stores. The internet and shopping on line destroyed their balance sheet. Not many people shop at the store these days! Where is smoke there is fire, but this could be a big nothing. It may also be an attempt to harass him because he supports Trump.
Source: washingtonpost - 🏆 95. / 72 Read more »
Mnuchin rejects Democrats’ subpoena for President Trump’s tax returnsMnuchin and IRS Commissioner Charles Rettig were given until 5pm on Friday to respond to House Democrats' demands. It’s spelled Munchkin Lock him up 'The most transparent administration in history' is rejecting the House Judiciary committee's request to turn over documents on a broad range of topics. Can some of you Trumptards explain how it can be both and why?
Source: washingtonpost - 🏆 95. / 72 Read more »
Treasury Secretary Steven Mnuchin says he will defy House Democrats' subpoena for Trump's tax returns'We are unable to provide the requested information in response to the Committee's subpoena,' Mnuchin wrote in a letter to Neal on Friday. It’s spelled Munchkin lol those poor dems keep getting let down. House Dems is being a IRS abuser, they are against their job responsibility which protecting IRS from abusers. So House Dem committed illegal action. 🤣
Source: CNBC - 🏆 12. / 72 Read more »