Barack Obama, the Nobel Laureate, has now officially presented Jack Lew to be his next Treasury Secretary. Lew, currently Obama’s Chief of Staff, would replace Timothy Geithner, a tool of big finance capital. Can we expect Lew to act in the general interest? No, he too promises to be a tool of big finance capital:
President Barack Obama’s choice [of Lew] to lead the White House budget office oversaw a Citigroup unit that profited off the housing collapse and financial crisis by investing in a hedge fund king who correctly predicted the eventual subprime meltdown and now finds himself involved in the center of the U.S. government’s fraud case against Goldman Sachs.
Lew also broke a Graduate Student’s union while working for New York University and before betting against American citizens while at Citigroup.
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