The Atlantic

What Was Steve Mnuchin Thinking? Three Possibilities

The Treasury secretary put out an alarming—and confusing—press release on Sunday evening.
Source: Leah Millis / Reuters

Imagine having a runny nose, itchy eyes, congestion, and a sore throat, and your doctor telling you that you shouldn’t worry about cancer—she consulted her colleagues and they’re certain it is not cancer, and if it were, they could fight it.

This is roughly on Sunday evening, when Treasury Secretary Steven Mnuchin put out a press release on calls he held with executives from the country’s largest banks. Mnuchin’s statement assured the public that

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