Will Jack Lew take on financial reform? Don't hold your breath

[marmar]

Will Jack Lew take on financial reform? Don't hold your breath
The financial system is still broken, but the nomination of budget wonk Lew is a sure sign the White House has other priorities

Heidi Moore
guardian.co.uk, Thursday 10 January 2013


The nomination of budget wonk Jack Lew for Treasury Secretary is a sure sign that, in the eyes of the White House, the financial crisis has ended.

That's kind of sad, actually. And it puts financial reform activists in an odd position: Tim Geithner, their bête noire, their oft-disparaged adversary, won't be there to kick around any more – and they might have wished that he would be. As pugilistic as Geithner could get with those who criticized his efforts at bailouts and financial reform, at least he was listening. With his departure, financial reform will largely be pushed aside.

It's clear the White House is moving on, that financial reform is no longer a priority – and yet the financial system is really no more secure than it was when Tim Geithner took over in the dark days of 2009. It's not flailing and gasping for air, but that doesn't mean it's suddenly safe.

In the immortal words of Chicago mayor Rahm Emanuel, "You should never waste a good crisis." Unfortunately, it looks like America did. ....................(more)

The complete piece is at: http://www.guardian.co.uk/commentisfree/2013/jan/10/jack-lew-financial-reform-heidi-moore

[1StrongBlackMan]

1. Damn ...

that was quick ... 40 seconds of "Not a bad pick", then back to our regular programming, "President Obama is a corporatist sell-out ... just wait and see."

[marmar]

2. "Not a bad pick" depended on whom you asked, n'est-ce pas?

nt

[GeorgeGist]

4. Lew spent a year as a bankster ...

but he didn't inhale.

[1StrongBlackMan]

5. Oh may ...

that completely disqualifies him for Treasury!

{sarcasm}

[Jefferson23]

3. Who is shocked...hmmm? n/t

K&R

[jerseyjack]

6. Will Jack Lew Take On Financial Reform?

What? Are you shitting me?