Democrats Hypocritical Defending Lew’s Cayman Investments

From the Citi to the Caymans Jack Lew rehabilitates what Obama once called a notorious ‘tax scam.’

Review & Outlook The Wall Street Journal 2/13/2013

No matter how Jack Lew performs at his Senate confirmation hearing on Wednesday, his nomination to be Treasury Secretary has already produced one big winner: the Cayman Islands. The Caribbean […]

Treasury Gets a Citibanker

From Wall Street failure to the pinnacle of finance in four short years.

The Wall Street Journal 1/28/2013

There was a time when you had to be successful on Wall Street to become secretary of the Treasury. Now along comes presidential nominee Jack Lew, whose only business credential is a stint at the most troubled […]

Orszag: Obama lost leverage for fiscal fights ahead

Susan Crabtree The Washington Times 1/3/2013

Despite Democratic claims to the contrary, President Obama’s former top budget adviser thinks his old boss has lost leverage for the budget battles to come in the wake of this week’s deal avoiding an immediate fall over the “fiscal cliff.”

In comments Wednesday on CNBC that were instantly circulated […]

Texas bank launches constitutional challenge to Dodd-Frank financial reform law

AEIdeas American Enterprise Institute 6/21/2012

If the U.S. Supreme Court throws out President Obama’s healthcare law this month, the only other remaining major achievement from the president’s first term would be, arguably, the Dodd-Frank financial reform law.

But that may be in jeopardy, too.

A Texas community bank is today filing a challenge to Dodd-Frank, […]

Fed Acknowledges Error Grading Bank Stress Test

Peter Eavis The New York Times 3/16/2012 The Federal Reserve made an error in its stress test of Citigroup that led it to overstate a key measurement of losses on the bank’s mortgages, the central bank acknowledged on Friday.

The Fed also issued corrections for Bank of America, Ally Financial, MetLife and Wells Fargo. It […]

Obama campaign co-chair tied to subprime mortgage crisis

“I’m proud of that work.’ ~ Gov. Deval Patrick

Will Rahn The Daily Caller 2/24/2012

Massachusetts Gov. Deval Patrick, the Democrat who was named a national co-chair of President Obama’s re-election campaign on Wednesday, served on the board of a company that is widely blamed for helping start the subprime mortgage crisis in […]