I was shocked when I read about this appointment at Alternet this morning. Obama is such a disappointment.
He served as chief operating officer of Citigroup’s Alternative Investments unit, a group that bet on the housing market to collapse. Lew has also long pushed for the deregulation of Wall Street.
... Senator Bernie Sanders of Vermont criticized Lew’s nomination, saying, quote, "We don’t need a treasury secretary who thinks that Wall Street deregulation was not responsible for the financial crisis."
WILLIAM BLACK: Well, on financial matters, Jack Lew has been a failure of pretty epic proportions, and he gets promoted precisely because he is willing to be a failure and is so useful to Wall Street interests.