for this relatively media, and their relationship became closer with the ceo of this company, ryan cavanaughl: talk about the particulars. steven mnuchin was also cochairman of relatively media. >> eventually. as far as we know, the loan from and 2012 was one of the first connections, but subsequently a friend, jim wyatt , formerly ran one of the biggest talent agencies in town, goes on the board of relativity and onewest at the same time, then steven mnuchin goes in, buying a corporate jet with ryan cavanaugh, so they personally owned this company that owns together, engine jet and it is zooming around from aspen to cobble some lucas to maui. he basically blends money to the company through the so i'm inside lending if you will. nothing illegal in terms of doing that, but actually having a degree of ownership in the company is where things get hazy. >> that's right. they mays their first loan in 2012. it was not an inside loan. oliver: until he went on the board. is something that federal regulators look carefully on. using depositors money to make a sweetheart deal for the benefit of the p

and then steven mnuchin goes in, buying a corporate jet with ryan cavanaugh, so they personally sorte -- both own this company that owns this three engine jet together, and it is zooming around from aspen, to cabo san lucas, to maui. and they both own it together. oliver: he basically lends money to the company through the bank, so inside lending if you will. nothing illegal in terms of doing that, but actually having a degree of ownership in the company they lent to is where things get hazy. >> that's right. when they made their first loan in 2012. it was not an inside loan. just a third party borrower. oliver: until he went on the board. >> that is something that federal regulators look very carefully at because they are concerned if a bank is using depositors money to make a sweetheart deal for the benefit of the people who run the bank, so they look closely at this. as far as we can tell, this never ran afoul of any regulations, and regulators knew about this stuff and they seemed to be fine with that. they never took any action against onewest over this. fast forward they get th