Warren, Ocasio-Cortez press Mnuchin for answers on Sears bankruptcy

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Sen. 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

Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez Thursday called on Treasury Secretary Steven Mnuchin to disclose more information about his role in the demise of Sears, where he served as a board member before the retailer's bankruptcy.to Mnuchin, the liberal icons said they were "deeply concerned by the financial engineering and potentially illegal activity" that took place at Sears while he was a board member, leading to thousands of lost jobs.

Last month, Sears named Mnuchin in a lawsuit against former CEO Edward Lampert, a close friend of the Treasury secretary, alleging that board members helped Lampert and his hedge fund strip more than $2 billion from the company. Warren, a Massachusetts Democrat who has rooted her 2020 presidential campaign in combating Wall Street, released an accompanying explainer video with Ocasio-Cortez.

"Mr. Mnuchin is President Trump's Treasury secretary, and he is a walking example of what happens when rich and powerful people put other rich and powerful people into power," Ocasio-Cortez said in the video with Warren. Earlier this month, Ocasio-Cortez, a New York Democrat, also gave the White House run of Sen. Bernie Sanders a boost by teaming up with him on a bill that would cap credit card interest rates.

 

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Sears hs been poorly run 2nd rate company that struggled to compete with Walmart and Home Depot. Both way more efficient

It failed. Do Socialist tend to prop up failing enterprises? Amazon replaced the need for Sears.

If stupidity could produce energy then AOC and Pocahontas could power the planet...

Mnuchin & Lampert - both corrupt! Sears Canada and Sears USA pensioners are the unfortunate victims of their corruption. Lock them up!!! 🤬

What about Sears role in the demise of Sears? Nobody wants to buy garbage

i'm sure Sears' demise had nothing to do with Amazon. lol

Sears has had problems for fifty years, their stores were dirty, products were inferior,over priced and they refused change

Wasting our tax dollars on Sears? I thought she knew economics?

Why does this matter

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.

That’s a powerhouse team❣️

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