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Thu Jan 12, 2012, 01:20 AM

 

Wall Street's Washington Infiltration Continues with New Chief of Staff Jacob Lew

U.S. President Barack Obama is keeping a trend alive with new White House Chief of Staff Jacob Lew.

You see, Lew has something in common with his predecessors: He spent years raking in millions on Wall Street.

Like William M. Daley, who on Monday resigned from his post as chief of staff, and Rahm Emanuel, who vacated the position in 2009 to successfully run for mayor of Chicago, Lew has strong ties to the financial sector. Until 2009 he was the chief operating officer of Citigroup Alternative Investments, which made money betting against the housing market with controversial credit default swaps.

Lew also told the Senate during his 2010 confirmation hearing that he does not think financial deregulation contributed to the housing market crash.


http://moneymorning.com/2012/01/11/wall-streets-washington-infiltration-continues-with-new-chief-of-staff-jacob-lew/

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Reply Wall Street's Washington Infiltration Continues with New Chief of Staff Jacob Lew (Original post)
SixthSense Jan 2012 OP
dameocrat67 Jan 2012 #1
msongs Jan 2012 #2

Response to SixthSense (Original post)

Thu Jan 12, 2012, 01:49 AM

1. It is really disgusting that so few in the mainstream media are unwilling to call Obama

`on his awful appointments, or point out the link between these appointments and many of the questionable economic policies that have created most of the alientation of progressive voters and are clearly causing many to defect and become independents.

All these polls that show satisfaction from liberal democrats fail to count democrats who have left and registered independent in the last two years.

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Response to SixthSense (Original post)

Thu Jan 12, 2012, 03:23 AM

2. maybe obama doesnt know any qualified liberal/progressive democrats nt

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