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Steven Mnuchin, the president-elect's nominee for Treasury Secretary, profited greatly off the financial crisis -- a fact that has already drawn ire from the ranking Democrat on the House Financial Services Committee.
Mnuchin, the co-founder, chairman and CEO of Dune Capital Management LP, led a group of investors, including J.C. Flowers & Co. LLC, MSD Capital L.P. and Stone Point Capital LLC, that acquired IndyMac from the FDIC. The group ultimately boasted one of the strongest returns of any private equity investor looking to capitalize off the downturn, selling the entity they re-dubbed OneWest Bank Group LLC to CIT Group Inc. for $3.41 billion, or roughly 2.2x the capital they invested in the institution.
That investor group also received millions in dividends. OneWest Bank declared $49 million in cash dividends...