washington u.s. treasury secretary nominee steven mnuchin say thursday would work eliminate need offshore tax havens democratic senators accuse wall street veteran use vehicles shelter hedge fund money government confirmation hear senate finance committee president-elect donald trump pick lead treasury attack fail promptly disclose director offshore business vehicle domicile cayman islands own 100 million real estate offshore tax havens use shield income become symbol grow divide rich average americans democrats seize disclosures make late wednesday question mnuchin qualifications revamp tax code one go create offshore entities end day avoid form fashion tax laws unite state pretty simple new jersey democratic senator robert menendez say decide whether necessarily essence want leadership menendez say mnuchin former goldman sachs executive hedge fund manager hollywood film financier say move dune capital partner llc registry caymans allow pension fund clients invest fund avoid tax mnuchin 54 add make sense u.s. tax code encourage use entities hedge fund world set make accountants rich would love work irs close tax issue make sense among incoming trump administration top economic priorities massive tax reform effort aim low rat businesses individuals close many deductions credit mnuchin insist last-minute disclosures intentional due complexity hold complicate federal form lawyer advice real estate disclosure require also try clarify trump recent market-moving comment u.s. dollar republican businessman-turned politician swear friday say interview publish week wall street journal dollar strength kill us prompt greenback fall gold price jump mnuchin say believe trump remark usurp role normally reserve treasury secretaries refer short-term spike dollar due market factor longer-term value long-term strength long periods time important dollar mnuchin say also say would like see increase u.s. government debt ceiling sooner rather late avoid another standoff congress could upset financial market current debt ceiling extension expire march 15 treasury would likely exhaust borrow capacity several months democrats go mnuchin hear perceive one vulnerable trump nominees partly due involvement onewest bank run aftermath 2007-2009 financial crisis hammer 36,000 foreclosures bank pursue mnuchin strike lucrative deal federal deposit insurance corp absorb losses action critics describe onewest foreclosure machine senator ron wyden committee top democrat criticize bank automate robo-signing foreclosure document foreclose widow reverse mortgage holders mnuchin argue bank loan modification machine offer payment reductions 101,000 borrowers try keep home say turnaround fail indymac bank become onewest save thousands job home u.s. treasury nominee mnuchin hammer offshore tax havens