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At big banks in terms of foreclosing on american homeowners. they are going to say he ran a foreclosure machine and say he spent much of his career in the shadows. they don't really know who this guy is, not somebody who has been on the public stage before. they see him as one of the most vulnerable. chairman hatch of the finance committee is going to defend him and say he's eminently qualified for this position. all of this is just politics. there have been some reporting throughout the week that mnuchin was wobbly in hearing prep. they practice for what is going to happen today but i was tol...

Pill here that you might want to take before the second round. just a suggestion. >> we have many colleagues waiting. >> fine. i'm done. >> tempers flared at the hearing for steven mnuchin to be treasury secretary. he defended his role during the financial crisis with democrats portraying him as a foreclosure machine after he bought subprime mortgage lender from the government. >> intending to stop foreclosures. i ran a loan modification machine. we had the most effective loan modifications of any bank. >> mnuchin said he would like to avoid a crisis this spring regarding the government's borr...

Conditions, extend assistance, increase the net present value of cash flows to the owner of loan, and stabilize housing markets. my group had to adhere to servicing agreements that limited our ability to make own modifications that could have helped more borrowers. in the press it has been said that i ran a foreclosure machine. this is not an accurate description of my role at one west bank. on the contrary, i was committed to loan modification intended to stop foreclosures. i ran a loan modification machine. when we could do loan modifications, we did them, but many times the fdic, fannpha fa...

Was his choice to lead the committee. chair of the michigan republican party, she succeeds reince priebus who is heading to the white house as chief of staff after tomorrow's inauguration. busy day today, two more confirmation hearings before the inauguration. steven mnuchin is continuing to face tough questions from the senators who are assembled there. rick perry also in the hot seat today. mike emmanuel joins me live on capitol hill. how is steve mnuchin handling the incoming on his actions during the financial crisis today? >> well, good afternoon. no surprise steve mnuchin pushed back on ...

Bank that then became infamous for how hard it squeezed families that had already been cheated. and was the foreclosure machine following that. you know the american people -- this is a guy in who also said that -- today, that he wants to roll back the wall street regulations. the american people have r furious over what wall street has done. they don't want somebody who's going to come in here and say, hey, let's help wall street. and what donald trump is doing is he's literally handing the keys to the treasury over to a wall street banker who helped caused the crash. >> are minuchin though s...