DockRat
01-11-2013, 05:59 AM
OMG this guy will help Bankrupt the USA. WHY ?
DR
Jack Lew Bagged $950,000 Bonus
After Citigroup Bailout
by Wynton Hall 9 Jan 2013
http://cdn.breitbart.com/mediaserver/Breitbart/Big-Government/2013/Friends%20of%20Obama/obama-jack-lew-wh-photo.jpg
In the wake of the financial meltdown, President Barack Obama derided Wall Street bonuses as “obscene,” calling them examples of “fat cats who are getting awarded for their failure.”
But now, Mr. Obama has announced that he will nominate as his next Treasury secretary Jack Lew, a man who in 2009 bagged a $950,000 bonus after his bank, Citigroup, received billions in a taxpayer-funded bailout.
Mr. Lew is the former chief operating officer of Citigroup’s Alternative Investments unit—a group that bet billions against homeowners paying their mortgages.
As the Huffington Post reported in 2010, during Mr. Lew’s Office of Management and Budget (OMB) director confirmation, “neither the Senate's Budget Committee nor its Homeland Security and Governmental Affairs Committee bothered to ask a single question about Lew's tenure at Citigroup, transcripts of the proceedings show.”
In total, Citigroup received $476.2 billion in cash and guarantees.
Citigroup claims taxpayers made a profit on the bailout and says Mr. Lew “was not responsible for investments or fund management.”
But how can Mr. Obama allow a Wall Street “fat cat” who received an “obscene” $950,000 bonus to be rewarded with the top job at Treasury?
On Wednesday, the Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) said he plans to vigorously oppose President Barack Obama’s Treasury Secretary nominee Jack Lew.
"Jack Lew must never be Secretary of Treasury,” said Mr. Sessions in a statement. "His testimony before the Senate Budget Committee less than two years ago was so outrageous and false that it alone disqualifies.”
On Feb. 13, 2011, Mr. Lew appeared on CNN’s State of the Union with Candy Crowley and said of Mr. Obama's proposed budget:
Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we're not adding to the debt anymore; we're spending money that we have each year, and then we can work on bringing down our national debt.
During Senate testimony, Mr. Sessions blasted Mr. Lew’s false statement and said he was “flatly in error”:
http://www.youtube.com/watch?feature=player_embedded&v=rTuzmyMwH7E
http://www.breitbart...tigroup-Bailout
DR
Jack Lew Bagged $950,000 Bonus
After Citigroup Bailout
by Wynton Hall 9 Jan 2013
http://cdn.breitbart.com/mediaserver/Breitbart/Big-Government/2013/Friends%20of%20Obama/obama-jack-lew-wh-photo.jpg
In the wake of the financial meltdown, President Barack Obama derided Wall Street bonuses as “obscene,” calling them examples of “fat cats who are getting awarded for their failure.”
But now, Mr. Obama has announced that he will nominate as his next Treasury secretary Jack Lew, a man who in 2009 bagged a $950,000 bonus after his bank, Citigroup, received billions in a taxpayer-funded bailout.
Mr. Lew is the former chief operating officer of Citigroup’s Alternative Investments unit—a group that bet billions against homeowners paying their mortgages.
As the Huffington Post reported in 2010, during Mr. Lew’s Office of Management and Budget (OMB) director confirmation, “neither the Senate's Budget Committee nor its Homeland Security and Governmental Affairs Committee bothered to ask a single question about Lew's tenure at Citigroup, transcripts of the proceedings show.”
In total, Citigroup received $476.2 billion in cash and guarantees.
Citigroup claims taxpayers made a profit on the bailout and says Mr. Lew “was not responsible for investments or fund management.”
But how can Mr. Obama allow a Wall Street “fat cat” who received an “obscene” $950,000 bonus to be rewarded with the top job at Treasury?
On Wednesday, the Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) said he plans to vigorously oppose President Barack Obama’s Treasury Secretary nominee Jack Lew.
"Jack Lew must never be Secretary of Treasury,” said Mr. Sessions in a statement. "His testimony before the Senate Budget Committee less than two years ago was so outrageous and false that it alone disqualifies.”
On Feb. 13, 2011, Mr. Lew appeared on CNN’s State of the Union with Candy Crowley and said of Mr. Obama's proposed budget:
Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we're not adding to the debt anymore; we're spending money that we have each year, and then we can work on bringing down our national debt.
During Senate testimony, Mr. Sessions blasted Mr. Lew’s false statement and said he was “flatly in error”:
http://www.youtube.com/watch?feature=player_embedded&v=rTuzmyMwH7E
http://www.breitbart...tigroup-Bailout