Bill Black/Matt Taibbi | "Failure of Epic Proportions": Treasury Nominee Jack Lew's Pro-Bank, Austerity, Deregulation Legacy

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Bill Black/Matt Taibbi | “Failure of Epic Proportions”: Treasury Nominee Jack Lew’s Pro-Bank, Austerity, Deregulation Legacy

Bill Black/Matt Taibbi | “Failure of Epic Proportions”: Treasury Nominee Jack Lew’s Pro-Bank, Austerity, Deregulation Legacy

Democracy Now-

Former bank regulator William Black and Rolling Stone’s Matt Taibbi join us to dissect the career of Jack Lew, President Obama’s pick to replace Treasury Secretary Timothy Geither. Currently Obama’s chief of staff, Lew was an executive at Citigroup from 2006 to 2008 at the time of the financial crisis. He backed financial deregulation efforts while he headed the Office of Management and Budget under President Bill Clinton. During that time, Clinton enacted two key laws to deregulate Wall Street: the Financial Services Modernization Act of 1999 and the Commodity Futures Modernization Act of 2000. Black, a white-collar criminologist and former senior financial regulator, is the author of “The Best Way to Rob a Bank Is to Own One.” A contributing editor for Rolling Stone magazine, Taibbi is the author of “Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.” [includes rush transcript]

[DEMOCRACY NOW]

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3 Responses to “Bill Black/Matt Taibbi | “Failure of Epic Proportions”: Treasury Nominee Jack Lew’s Pro-Bank, Austerity, Deregulation Legacy”

  1. PATRICK FARRELL says:

    Chicken shits! Say it.Lew is a Jew!
    Jews believe that all the property of the gentiles belong to them,because they are superior!
    Superior crooks, yes, that is all.

  2. Sarah says:

    Phew, hold the antisemitism please. Moderation?
    Lew is of the Bankster class, leaving the scene of wreckage with a bag of money in one hand, he’s the perfect man for the job according to the ‘Obankster’ administration.

  3. keepon says:

    In that photo, that’s not Tim Geithner actually hanging his head in emabarrassment @ whatever O is blah-blahing as he pitches Jack Lew to the audience. Couldn’t be O found Tim’s 1 last nerve, could it?

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