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Articles related to "deputy"


Treasury official is running the bailout. It’s been great for his family

  • Deputy Treasury Secretary Justin Muzinich has an increasingly prominent role.
  • He still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions.
  • Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.
  • 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.
  • 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.

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