Detailed text transcripts for TV channel - CNN - 20170728:09:50:15
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California that had all kinds of mortgages attached. >> remember, it was southern california where you saw a huge amount of subprime happen. this bank that he was involved in had something like 36,000 foreclosures and even the foreclosure practices were criticized for poor conduct. paul johnson was one of the biggest beneficiaries to betting against subprimes. when you think about what has angered america so much, they lost their homes, their jobs, rich guys got bailed out and rocked on and that's who is sitting on top. let me tell you, there was not a bank ceo. >> and now they are all at the
In may, he became the finance chairman of the trump campaign. he has already vetting and recruiting deputies. the treasury secretary oversees banking and government debt. he was sued by the trustee trying to recover money for victims of bernie madoff's ponzi scheme. he led the group that bought indymac. after paying millions in fines for the foreclosure practices, he sold it for $3.4 billion. and the trump transition discussion and joining us is ellis henican. the big question is, trying to match what we know already with what will happen. what we know is you have this two-headed thing in th...
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