Ocasio-Cortez, Warren Question Mnuchin Ties to Sears Bankruptcy

Democratic U.S. lawmakers Elizabeth Warren and Alexandria Ocasio-Cortez asked Treasury Secretary Steven Mnuchin about his involvement in “dubious financial engineering and other managerial decisions” that they allege led to the bankruptcy of Sears and big job losses.

• Mnuchin served on Sears’ board until Dec. 2016 and is the former college roommate Eddie Lampert, whose hedge fund, ESL Investments, purchased Sears in 2005, according to statement from Sen. Warren (D-Mass.) and Rep. Ocasio-Cortez (D-N.Y.)
• The lawmakers asked Mnuchin, who is former ESL vice chairman, questions about his time on Sears’ board and request a response no later than June 13
• Sears ...