Article

2013-01-10 Government

Jack Lew Bagged $950,000 Bonus After Citigroup Bailout

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Posted by Fred 2013-01-10 00:00|| E-Mail|| Front Page|| [11129 views ] Top

#1 "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."

Question only arise from the Senate when billons and trillions are discussed. And then, only polite questions.

Posted by Besoeker 2013-01-10 05:07|| 2013-01-10 05:07|| Front Page Top

#2 Is Jack Lew A Friend to Wall Street?

Posted by tipper 2013-01-10 14:25|| 2013-01-10 14:25|| Front Page Top

#3 From tipper's article:

Obama has shown a penchant for making bold Cabinet choices in areas he is personally comfortable with or has a passion for such as foreign policy while taking the line of least interference on the financial sector and delegating most decisions to Geithner... More tellingly, Obama, by all evidence, is not unhappy with the financial status quo. The president clearly has other issues he wants to spend his political capital on: a deficit-reduction deal, gun control, immigration reform. And Obama seems fairly satisfied with what Geithner has wrought... [Jeff Connaughton, who as a senior Senate staffer fought for financial reform] calls Obamas view financially illiterate, and hes right.

Posted by Pappy 2013-01-10 16:20|| 2013-01-10 16:20|| Front Page Top

#4 In the wake of the financial meltdown, President Barack Obama
("I mean, I do think at a certain point you've made enough money"...)
derided Wall Street bonuses as "obscene," calling them examples of "fat cats who are getting awarded for their failure."

That is, of course, unless the bonus recipients kicked back a fair amount to Obama's re-election campaign. Then they go from being fat cats to candidates for cabinet level positions in the administration.

Posted by Ebbang Uluque6305 2013-01-10 16:44|| 2013-01-10 16:44|| Front Page Top

#5 That's a mighty pitiful little bonus for a guy in that kind of position on Wall Street. He must have screwed up badly.

Posted by Glenmore 2013-01-10 16:49|| 2013-01-10 16:49|| Front Page Top

#6 And no, I was not being sarcastic.

Posted by Glenmore 2013-01-10 16:50|| 2013-01-10 16:50|| Front Page Top

#7 Probably doesn't account for stock options or other perks.

Posted by Pappy 2013-01-10 21:58|| 2013-01-10 21:58|| Front Page Top

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