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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 […] February 13th, 2013 | Tags: bailouts, Benghazi, Cayman Islands, Citigroup, Controlled Foreign Corporations (CFCs), corporate tax rate, hypocrisy, Jack Lew, Libya, Mitt Romney, offshore investments, Sen. Chuck Grassley, Sen. Max Baucus, Ugland House | Category: Banking and finance, Barack Obama, corruption, IRS, Politics, Taxes, Treasury Department | Comments are closed
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 […] January 28th, 2013 | Tags: Citigroup, consumer credit, crony capitalism, Dodd-Frank Wall Street Reform and Consumer Protection Act, Jack Lew, K Street, New York University, Robert Rubin, Sheila Bair, Treasury Secretary Timothy Geithner, Wall Street | Category: banking regulations, lobbyists, Politics, TARP, Treasury Department | Comments are closed
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 […] January 3rd, 2013 | Tags: "fiscal cliff", Citigroup, crony capitalism, debt ceiling, default, General Electric, Hugh Hewitt, Paul Krugman, Peter Orszag, Sen. Mitch McConnell, sequestration, tax credits | Category: Barack Obama, Congress, Federal spending, legislation, Taxes | Comments are closed
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, […] June 21st, 2012 | Tags: Bank of America, C. Boyden Gray, checks and balances, Citigroup, Consumer Financial Protection Bureau, Dodd-Frank Wall Street Reform and Consumer Protection Act, Financial Stability Oversight Council, JP Morgan Chase, Moody's Investors Service, Separation of Powers, State National Bank | Category: Banking and finance, banking regulations, Barack Obama, Congress, Federal Reserve, Goldman Sachs, SCOTUS, Texas, US Constitution | Comments are closed
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 […] March 16th, 2012 | Tags: Ally Financial, Bank of America, bank stress tests, Ben Bernanke, Citigroup, foreign mortgages, MetLife, Wells Fargo | Category: Banking and finance, Federal Reserve, Goldman Sachs, TARP | Comments are closed
“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 […] February 25th, 2012 | Tags: ACC Capital Holdings, Ameriquest Mortgage, Citigroup, Common Cause Massachusetts, David Axelrod, Gov. Deval Patrick, predatory lending, Robert E. Rubin, Roland Arnall, subprime crisis | Category: Banking and finance, Barack Obama, Department of Justice, Elections, Ethics, Massachusetts, TARP | Comments are closed
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