Sens. Bernie Sanders and Elizabeth Warren on Wednesday went after President-elect Donald Trump's nomination of Steve Mnuchin as Treasury secretary, hinting at large opposition from the Senate Democratic caucus to his nomination.
"During the campaign, Donald Trump told the American people that he was going to change Washington by taking on Wall Street," Sanders and Warren said in a rare joint statement.
"Donald Trump's choice for Treasury secretary, Steve Mnuchin, is just another Wall Street insider. That is not the type of change that Donald Trump promised to bring to Washington – that is hypocrisy at its worst."
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Treasury Secretary Steven Mnuchin
Treasury Secretary Steven Mnuchin
Steven Mnuchin, President-elect Trump's nominee for Treasury secretary, testifies during his Senate Finance Committee confirmation hearing in Dirksen Building, January 19, 2017.
(Photo By Tom Williams/CQ Roll Call)
Treasury Secretary nominee Steven Mnuchin sits with Vanessa Trump (R), wife of Donald Trump Jr, before a swearing-in ceremony for senior staff at the White House in Washington, DC January 22, 2017.
Incoming Trump administration Treasury Secretary nominee Steven Mnuchin departs after working a simulated crisis scenario during transition meetings at the Eisenhower Executive Office Building at the White House in Washington, U.S. January 13, 2017.
Producer Steve Bing (L) and Honoree Steven Mnuchin recipient of the Philanthropic Leadership Award attend The Kaleidoscope Ball - Designing The Future benefitting the UCLA Children's Discovery and Innovation Institute at Mattel Children's Hospital UCLA at Beverly Hills Hotel on April 17, 2013 in Beverly Hills, California.
(Photo by Jason Merritt/Getty Images for BWR)
Steven Mnuchin, Treasury secretary nominee for U.S. President Donald Trump, right, attends a swearing in ceremony of White House senior staff in the East Room of the White House in Washington, D.C., U.S., on Sunday, Jan. 22, 2017. Trump today mocked protesters who gathered for large demonstrations across the U.S. and the world on Saturday to signal discontent with his leadership, but later offered a more conciliatory tone, saying he recognized such marches as a hallmark of our democracy.
(Andrew Harrer/Bloomberg via Getty Images)
Steve Mnuchin and Lousie Linton arrive at the Premiere of Warner Bros. Pictures' 'Jupiter Ascending' at TCL Chinese Theatre on February 2, 2015 in Hollywood, California.
(Photo by Frazer Harrison/Getty Images)
Heather Mnuchin and Steve Mnuchin attend The Art Show Gala to Benefit The Henry Street Settlement at The Seventh Regiment Armory on February 23, 2005 in New York City.
(Photo by Joe Schildhorn/Patrick McMullan via Getty Images)
Treasury Secretary nominee Steven Mnuchin attends the inaugural parade of U.S. President Donald Trump in Washington, January 20, 2017. Donald Trump was sworn in earlier as the 45th President of the United States.
Donald Trumps' Treasury Secretary Steven Mnuchin arrives on the West Front of the U.S. Capitol on January 20, 2017 in Washington, DC. In today's inauguration ceremony Donald J. Trump becomes the 45th president of the United States.
(Photo by Win McNamee/Getty Images)
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Critics have not let it be lost that Trump frequently called out hedge fund managers and large financial institutions like Goldman Sachs on the campaign trail.
Mnuchin has extensive experience in finance and business. He worked at Goldman Sachs for 17 years, ran a hedge fund, and has been a producer of Hollywood movies.
During his time running Dune Capital Management, Mnuchin helped the firm acquire mortgage lender IndyMac, changing the firm's name to OneWest. During his time as chairman of OneWest, the company was accused of unfair lending practices to minorities and aggressive foreclosure policies.
This seemed to earn the ire of Sanders and Warren.
"After his bank pocketed billions in taxpayer dollars from the bailout, Mnuchin moved on to make a fortune running another bank that aggressively foreclosed on families still reeling from the crisis," their statement said.