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Jacob Lew Received a Million Dollars in Cash From Citigroup During Bailout
The Washington Times ^ | Jim McElhatton

Posted on 01/09/2013 2:31:56 PM PST by JohnPDuncan

Jacob J. Lew, President Obama’s presumed choice to lead the Treasury Department, has close ties to Wall Street, receiving more than $900,000 in bonus cash from a division of Citigroup just as the company was getting bailed out by U.S. taxpayers.

The arrangement, previously reported by The Washington Times, received little scrutiny after Mr. Lew joined the Obama administration in 2009, first as a deputy in the State Department and later as Mr. Obama’s budget chief and chief of staff.

Mr. Obama has criticized hefty bonuses paid out to Wall Street executives. In his State of the Union address last year, he said, “Banks had made huge bets and bonuses with other people’s money.”

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy
KEYWORDS: citibank; jacoblew

1 posted on 01/09/2013 2:32:01 PM PST by JohnPDuncan
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To: JohnPDuncan

Trillions in taxpayer money has now gone to BANKERS,
terrorists, and Communist/Marxist friends of the Tyrant.

NASA needed only 20 billion, but had to be destroyed.


2 posted on 01/09/2013 2:35:01 PM PST by Diogenesis (Vi veri veniversum vivus vici)
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To: Diogenesis

Where do these guys come from? Most of his cabinet is dirty in some form, oh I forgot, it’s the Chicago way.


3 posted on 01/09/2013 2:37:15 PM PST by phormer phrog phlyer
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To: Diogenesis

Nothing draws more unity among all social and economic classes in America than accomplishments in the space program. The Obama takes second stage to nobody.


4 posted on 01/09/2013 2:37:54 PM PST by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: JohnPDuncan
Who gave them “other people's money”? So what if they were criticized? Did anyone give their bonus back?
5 posted on 01/09/2013 2:38:46 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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