President Obama's first chief of staff Rahm Emanuel once sat on the board of troubled federal mortgage giant Freddie Mac.
"From 2006-2008, Jack Lew was chief operating officer of Citibank's alternative investments division. And it was his division that made billions of dollars betting "U.S. homeowners would not be able to make their mortgage payments," as the Huffington Post reported."
Ain't this grand. I was talking last night with a business buddy about the resignation of Dailey and he wanted to know what I thought. I figured O would just fill the vacancy with another business man that fit his outlook. So it's little surprise that Lew is the pick.
And I must admit the word Payback comes to mind.