Which bank did Mnuchin buy during the financial crisis?
Indymac
Lehman Brothers
Bear Stearns
Washington Mutual
Answer
Indymac, a failed bank, was acquired by Steven Mnuchin during the financial crisis. Mnuchin, a former Goldman Sachs executive, led a group of investors in purchasing the bank's assets. The acquisition was part of the Troubled Asset Relief Program (TARP), a government initiative aimed at stabilizing the financial system. Mnuchin's purchase of Indymac helped to prevent further economic turmoil and contributed to the eventual recovery of the banking sector.
Mastering Mnuchin: A Deep Dive into the 77th U.S. Treasury Secretary
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