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Tue Feb 26, 2013, 05:40 PM

The next time you sign a petition that is headed for the WH -

Do two simple things:

One: think about this: It's now come to light that Jack Lew - President Obama's appointee for heading the Department of the Treasury - had a contract with his last employer, Citigroup, that rewarded him if he left the bank for a "high level position with the United States government or regulatory body."

Now why on Earth would they do something like that...

Two: if you want your signature to be noticed, include a significant campaign contribution!

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Reply The next time you sign a petition that is headed for the WH - (Original post)
truedelphi Feb 2013 OP
OKNancy Feb 2013 #1
Fumesucker Feb 2013 #3
truedelphi Feb 2013 #4
Angry Dragon Feb 2013 #2
truedelphi Feb 2013 #5

Response to truedelphi (Original post)

Tue Feb 26, 2013, 05:49 PM

1. please read this

http://www.democraticunderground.com/1014408668#post10

too much over-reaction to this IMO

ETA: Lew will be easily confirmed, I bet even Elizabeth Warren votes to confirm

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Response to OKNancy (Reply #1)

Tue Feb 26, 2013, 06:25 PM

3. That is as speculative as the OP, indeed perhaps even more so

So it may be that Lew who was a major hire for Citigroup and thus had negotiating leverage was just looking out for himself, and that the "high level position with the United States government" contract clause was his idea, not Citigroup's.

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Response to Fumesucker (Reply #3)

Tue Feb 26, 2013, 06:38 PM

4. But in any event, would it not be good if we

Had N. Barofsky rather than Lew as Obama's chosen appointee?

It really sucks that we get the very people who collapsed the system as people who are in the highest positions of this Administration, or who are considered for those positions.

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Response to truedelphi (Original post)

Tue Feb 26, 2013, 06:07 PM

2. It would not surprise me if we end up with another Geithner

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Response to Angry Dragon (Reply #2)

Tue Feb 26, 2013, 06:54 PM

5. Right now the fact remains that due to the policies enacted by

Paulson and then Bernanke, Geithenr, et al, 48 cents out of every dollar of profit go directly to Big Banks or Big Financial Firms. Back in the Eighties, only 8 cents out of every dollar went to banks.

To have this nation restore the Middle Class, we need to have people who care about the Middle Class, and who end the polices that are destroying Main Street while letting the Wall Street entities eat Main Street alive. This means no more Jack Lew-types in high positions. I am sure Jack's resume will land him another job somewhere, so no worries there. But we need someone who is not tied into Wall Street to rescue the nation, if it is not already too late.

My county received some 17+ millions of dollars in 2011 for its schools system, and only 9 millions of dollars in 2012-13. That is reprehensible. And yet Obama seems clueless on what it means to have a real recovery!

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