muzinich
<div><font size="4" face="Times New Roman"></font></div><div><font size="4" face="Times New Roman">an 620</font></div><div><font size="4" face="Times New Roman">
</font></div><div><a href="https://www.alternet.org/2020/06/this-treasury-official-is-running-the-government-bailout-his-familys-investment-firm-is-a-major-beneficiary/"><font size="4" face="Times New Roman" color="#000000">https://www.alternet.org/2020/06/this-treasury-official-is-running-the-government-bailout-his-familys-investment-firm-is-a-major-beneficiary/</font></a></div><div><font size="4" face="Times New Roman">
</font></div><div><p style="box-sizing: border-box; outline: none; margin: 0px 0px 17px; padding: 0px; line-height: 1.8; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the <a href="https://www.npr.org/2020/05/15/854774681/congress-has-approved-3-trillion-for-coronavirus-relief-so-far-heres-a-breakdown" target="_blank" style="box-sizing: border-box; outline: none; margin: 0px; padding: 0px; text-decoration-line: none; transition: color 0.3s ease 0s; cursor: pointer;">$3 trillion</a> federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.</font></p><p style="box-sizing: border-box; outline: none; margin: 0px 0px 17px; padding: 0px; line-height: 1.8; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">A major beneficiary of that bailout so far: Muzinich & Co., the asset manager founded by his father where Justin served as president before joining the administration. He reported owning a stake worth at least $60 million when he entered government in 2017.</font></p><p style="box-sizing: border-box; outline: none; margin: 0px 0px 17px; padding: 0px; line-height: 1.8; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">Today, Muzinich retains financial ties to the firm through an opaque transaction in which he transferred his shares in the privately held company to his father. Ethics experts say the arrangement is troubling because his father received the shares for no money up front, and it appears possible that Muzinich can simply get his stake back after leaving government....</font></p></div><div><font size="4" face="Times New Roman"></font></div>