Pages

Tuesday, September 21, 2010

$950,000 OF YOUR MONEY

"seen here (far left) drooling over Nazi treasure."
Jacob Lew, Chief Operating Officer of Citigroup's Alternative Investments unit, Clinton's OMB guy and now TUVOKS guy to run the agency entrusted with ensuring that federal REGULATIONS, says Deregulation didnt cause the WALL street HEIST.
"Lew served as OMB chief from May 1998 to January 2001 during the Clinton administration, when Clinton signed into law the Financial Services Modernization Act of 1999 and the Commodity Futures Modernization Act of 2000 -- two pieces of legislation at the heart of the deregulation of Wall Street."
Lew made millions at Citi, including a bonus of nearly $950,000 in 2009 just a few months after the bank received billions of dollars in a taxpayer rescue, according to disclosure forms filed with the federal government. The bank is still partly owned by taxpayers.
These guys loot then have the balls to say that the repeal of
Glass-Steagall Act had nothing to do with it. You can thank the best republican president this country ever had for that.

No comments:

Post a Comment