Chuck Darwin<p>Others in the Trump inner circle who made their fortunes via privately held ventures include treasury secretary <br><a href="https://c.im/tags/Steven" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Steven</span></a> T. <a href="https://c.im/tags/Mnuchin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mnuchin</span></a>, who got a great deal during the financial crisis on IndyMac, a mortgage lending bank, <br>thanks to our government’s penchant for the socialization of risk and privatization of profit when entities considered “too big to fail” go into a state of distress. </p><p>Mnuchin and his fellow investors, a group that included liberal donor and hedge-fund honcho George Soros, changed the company name to <a href="https://c.im/tags/OneWest" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OneWest</span></a> and began to aggressively foreclose on homeowners. <br>The bank earned Mnuchin and his partners a profit of $1.6 billion in its first year of operation, <br>even as the Federal Deposit Insurance Corporation was preparing to take a hit of nearly $11 billion “on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank,” according to E. Scott Reckard of the Los Angeles Times.</p><p>Then there’s commerce secretary <a href="https://c.im/tags/Wilbur" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Wilbur</span></a> <a href="https://c.im/tags/Ross" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ross</span></a>, worth $2.5 billion according to Forbes, who started a second career in 2000 with the creation of his eponymous investment company, <br>which he later sold to Invesco for a reported $375 million. </p><p><a href="https://c.im/tags/Reed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Reed</span></a> <a href="https://c.im/tags/Cordish" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cordish</span></a>, special assistant to the president for intragovernmental and technology initiatives, is a scion of the family that owns privately held Cordish Companies, <br>involved in gaming and entertainment. <br>He’s said to be tight with Jared Kushner. </p><p><a href="https://c.im/tags/Sonny" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Sonny</span></a> <a href="https://c.im/tags/Perdue" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Perdue</span></a>, Trump’s secretary of agriculture, founded the private company Perdue Inc., a trucking outfit, <br>with his wife, Mary, who was reported in 2005 to be the company’s sole shareholder. <br>(An official at Perdue Inc. declined to confirm to The Baffler whether this is still the case.)</p><p>And, while not a rich guy himself, CIA director <a href="https://c.im/tags/Mike" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mike</span></a> <a href="https://c.im/tags/Pompeo" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Pompeo</span></a> founded a private company called <a href="https://c.im/tags/Thayer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Thayer</span></a> <a href="https://c.im/tags/Aerospace" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Aerospace</span></a> in the late 1990s with help from Koch Venture Capital, an arm of Koch Industries. <br>A Pompeo aide told the Washington Post that the Koch investment amounted to only 2 percent, <br>but there’s no way to really know, since the transaction took place between two privately held companies. <br>He later became president of <a href="https://c.im/tags/Sentry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Sentry</span></a> <a href="https://c.im/tags/International" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>International</span></a>, another private company, before his 2010 run for a seat in the U.S. House of Representatives, which he won, again with an assist from the Koch brothers. <br>He’s also a climate-change denier—an appealing trait in a public official if you’re a fossil fuels magnate looking to buy one</p>