The man behind Goldman Sachs' infamous bets on the housing collapse is betting on Clinton
Hillary Clinton's (in)famous ties to Wall Street now have a link to fame: Donald Mullen, former global head of credit at Goldman Sachs and inventor of the "big short" (yes, like the movie), is ready for Hillary.
As revealed by campaign finance transparency site Open Secrets, Mullen contributed $100,000 to a pro-Clinton super PAC, Priorities USA Action. In fact, Mullen is on an exclusive list of 146 donors who have backed all of the Clintons' federal races.
In the run-up to the 2008 financial crisis, Mullen led a team at Goldman Sachs (host of those speeches Clinton has not released) which realized that the housing market was heading for a crash and bet against it. This move permitted Goldman to profit off the bust, making — in Mullen's words — "some serious money."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.
-
‘Like a gas chamber’: the air pollution throttling DelhiUnder The Radar Indian capital has tried cloud seeding to address the crisis, which has seen schools closed and outdoor events suspended
-
Political cartoons for November 23Cartoons Sunday’s political cartoons include a Thanksgiving horn of plenty, the naughty list, and more
-
How will climate change affect the UK?The Explainer Met Office projections show the UK getting substantially warmer and wetter – with more extreme weather events
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
