Bernie Sanders and Elizabeth Warren scorch Trump's Treasury secretary as 'hypocrisy at its worst'

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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."

See images of Mnuchin:

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Treasury Secretary Steven Mnuchin
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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.

(REUTERS/Carlos Barria)

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.

(REUTERS/Jonathan Ernst)

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.

(REUTERS/Lucas Jackson)

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.

Warren had previously criticized Mnuchin in an earlier statement, calling him the "Forrest Gump of the financial crisis."

Warren tweets about Trump during the campaign trail:

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Elizabeth Warren tweets about Donald Trump
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Elizabeth Warren tweets about Donald Trump
Let’s be honest - @realDonaldTrump is a loser. Count all his failed businesses. See how he cheated people w/ scams like Trump U.
See how @realDonaldTrump kept his father’s empire afloat using strategic corporate bankruptcies to skip out on debt.
See how @realDonaldTrump kept his father’s empire afloat using strategic corporate bankruptcies to skip out on debt.
.@RealDonaldTrump knows he’s a loser. His insecurities are on parade: petty bullying, attacks on women, cheap racism, flagrant narcissism.
But just because @realDonaldTrump is a loser everywhere else doesn’t mean he’ll lose this election.
.@RealDonaldTrump stands ready to tear apart an America that was built on values like decency, community, and concern for our neighbors.
Many of history’s worst authoritarians started out as losers – and @realDonaldTrump is a serious threat.
The way I see it, it’s our job to make sure @realDonaldTrump ends this campaign every bit the loser that he started it.
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"This pick makes clear that Donald Trump wants to cater to the same Wall Street executives that have hurt working families time and again," they concluded.

NOW WATCH: 'That hypocrisy is also real' — Jon Stewart takes liberals to task for calling all Trump supporters racist

More from Business Insider:

SEE ALSO: There's a long list of reasons people might not like Trump's pick for Treasury secretary


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