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This sickens me.... and reminds me that Democrats are part of the same scam crony system.  It reminds me that very few if any wall street crooks have gone to jail after they crashed the world economy.

Of course Republicans are worse, with their depraved blackmail schemes to cut government at the behest of some shady group of CEOs.

I don't care if Mr Lew is an upstanding guy or not.  He has worked for and will in the future work for the big banks and so his behavior is suspect while working in his "high level government job" or whatever that million dollar bonus contract stipulated.

Obama is doing damage to himself, the Democratic party, and democracy in general everyday that man continues as his Treasury secretary nominee.  

Disgusting:

The watchdog group Public Citizen on Friday questioned the legality of Lew’s bonus. During the confirmation hearing, Lew was asked by Sen. Orrin Hatch, R-Utah, how he was able to keep the $940,000 bonus, since many such payments have “claw back” provisions if an executive leaves. Lew’s contract, parts of which were obtained and put online Friday by Bloomberg columnist Jonathan Weil, allowed him to keep the bonus if he left for a high-level government job.
http://www.mcclatchydc.com/...

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Comment Preferences

  •  Tip Jar (8+ / 0-)

    Stop Prohibition, Start Harm Reduction

    by gnostradamus on Sat Feb 23, 2013 at 09:40:12 PM PST

  •  Because managing the State Department... (2+ / 0-)
    Recommended by:
    FG, fou

    has anything to do with Citi.  

    Is President Obama really nothing more than a 1980's Reagan Democrat in the year 2013?

    by Jacoby Jonze on Sat Feb 23, 2013 at 09:57:09 PM PST

    •  State Dept? nt (1+ / 0-)
      Recommended by:
      Paper Cup

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Sat Feb 23, 2013 at 10:15:26 PM PST

      [ Parent ]

      •  His first gig after leaving Citi was in Hillary's (0+ / 0-)

        State Department.  The knock against Hillary is that she never managed anything.  So they split the deputy secretary of state gig into to parts, one for policy and one just to run the whole outfit as a manager - Lew was brought in to be the manager.  

        He was there at the State Department from January 2009 until November 2010.  

        Is President Obama really nothing more than a 1980's Reagan Democrat in the year 2013?

        by Jacoby Jonze on Sun Feb 24, 2013 at 08:50:17 AM PST

        [ Parent ]

        •  so what? (0+ / 0-)

          "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

          by eXtina on Sun Feb 24, 2013 at 09:02:29 AM PST

          [ Parent ]

          •  It means his first post-Citi gig... (0+ / 0-)

            was being a manager at the State Department for near two years.  It would have been for that gig where Citi paid out the one time bonus.  That gig would have had nothing to do with potentially aiding Citi in any way.  So your grand theory of Lew being paid near a million dollars to run treasury blows up.  But why let facts get in the way of a good conspiracy.

            That's what.  

            Is President Obama really nothing more than a 1980's Reagan Democrat in the year 2013?

            by Jacoby Jonze on Sun Feb 24, 2013 at 09:17:30 AM PST

            [ Parent ]

            •  Again, so what if that was his first gig? (0+ / 0-)

              I don't have a grand theory, but it is a fact that Lew has worked for a bank. In a high position, so he will be favorable to them.

              "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

              by eXtina on Sun Feb 24, 2013 at 09:21:30 AM PST

              [ Parent ]

              •  For two years. (1+ / 0-)
                Recommended by:
                Whatithink

                It's hilarious that what he did before and after in his 30 years of working life don't matter a lick - because he worked at a bank it means he's forever indebted to them and is basically a sleeper cell insider for them in Government.  

                Is President Obama really nothing more than a 1980's Reagan Democrat in the year 2013?

                by Jacoby Jonze on Sun Feb 24, 2013 at 09:40:07 AM PST

                [ Parent ]

    •  treasury... he's treasury nominee (1+ / 0-)
      Recommended by:
      radmul

      and took a million dollar bonus contingent on taking a "high level government job."

      they knew they had their man on the inside and paid him off.

      Stop Prohibition, Start Harm Reduction

      by gnostradamus on Sun Feb 24, 2013 at 07:02:44 AM PST

      [ Parent ]

      •  But this will be his fourth gig... (0+ / 0-)

        He left Citi to join the Clinton State Department as Deputy Sec. of State for Management and Resources - basically running the day to day operation at the managerial level.  

        He was there for two years.  

        Then he moved to the CBO for 14 months.  Then became Chief of Staff after that.  

        The Citi bonus would have been paid when he took the State Department job.  It's not paid to him every year.  

        Is President Obama really nothing more than a 1980's Reagan Democrat in the year 2013?

        by Jacoby Jonze on Sun Feb 24, 2013 at 08:54:02 AM PST

        [ Parent ]

  •  He has not worked for banks. (4+ / 0-)

    He's a career civil servant for the most part. After the false claims about Geithner's supposed Wall Street employment, one would think that some learned a lesson.

    "There is nothing more dreadful than the habit of doubt. Doubt separates people. It is a poison that disintegrates friendships and breaks up pleasant relations. It is a thorn that irritates and hurts; it is a sword that kills.".. Buddha

    by sebastianguy99 on Sat Feb 23, 2013 at 10:10:29 PM PST

    •  He worked for Citigroup (3+ / 0-)
      Recommended by:
      Mr Robert, Paper Cup, Roadbed Guy

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Sat Feb 23, 2013 at 10:14:37 PM PST

      [ Parent ]

      •  Fuck yea (4+ / 0-)
        Recommended by:
        eXtina, splashoil, Roadbed Guy, radmul

        We get the government that we deserve. Lew is just part of the package of corruption.

        The only trouble with retirement is...I never get a day off!

        by Mr Robert on Sat Feb 23, 2013 at 10:19:34 PM PST

        [ Parent ]

      •  So? (6+ / 0-)

        He worked for Citigroup, but can you associate him with wrongdoing with any tangible evidence?

        Hillary was on the board of Walmart -- so you won't vote for her either?

        Democrats losing me with Lew for Treasury
        Good. And stay lost. Lew has a long history of being on the good side ... if you have credible evidence bring it out.
        •  Yeah, that's one of the reaons for sure! (1+ / 0-)
          Recommended by:
          radmul
          Hillary was on the board of Walmart -- so you won't vote for her either?
          Just curious, what she's up for now? i.e., why is whether I'd vote for her even an issue at this time?
        •  good side? (1+ / 0-)
          Recommended by:
          radmul

          million dollar bonus ONLY if he got a "high paying government job"?!? which he happily took.

          you are but another hypocrite follower of the democratic establishment and a disgrace to overlook such corruption.

          yea i'll stay lost until I see change in the democratic party but i'll be here up in your face about it the whole time.

          Stop Prohibition, Start Harm Reduction

          by gnostradamus on Sun Feb 24, 2013 at 06:52:50 AM PST

          [ Parent ]

        •  commenter claims he hasn't worked for banks (0+ / 0-)

          Citibank is a bank. He worked for citibank.  He worked for a bank. commenter is wrong.

          "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

          by eXtina on Sun Feb 24, 2013 at 08:59:17 AM PST

          [ Parent ]

          •  There's Citibank and Citigroup (0+ / 0-)

            Citibank is the actual branch of banks of Citigroup.

            Citigroup is the actual financial services corporation that opens branches of Citibank and oversees them.

            I really don't know the history of Jack Lew but I can tell you it's important to know the distinction between Citibank and Citigroup.  If Lew had worked for Citibank, he'd have worked in the banking division but not at the high corporate level as in Citigroup.

            •  neither is 'civil service' (0+ / 0-)

              I worked for Citibank before Sandy Weill made possible the creation of Citigroup but Citibank is still a part of Citigroup, either way, that's where he worked and it wasn't in government

              "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

              by eXtina on Sun Feb 24, 2013 at 02:36:08 PM PST

              [ Parent ]

              •  Yes, Citibank is apart of Citigroup (0+ / 0-)

                But yes, when you're apart of the Citi community, you're pretty much working for the corporation regardless.  I mean, you have lots of admin assistants, secretaries, IT staff and others who aren't necessarily in agreement with every policies so there's another group of people who work their butts off every day to make a living.

                It's Bank of America, JP Morgan Chase and Citigroup that may be large banks but their base is really not growing as much as they should.  BBVA Compass is right now on fire and expanding like crazy in Bay Area and throughout California.  It's one of those stable banks that did not take bailout money.

                •  yeah, not Lew: (0+ / 0-)
                  I mean, you have lots of admin assistants, secretaries, IT staff and others who aren't necessarily in agreement with every policies so there's another group of people who work their butts off every day to make a living.

                  "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

                  by eXtina on Sun Feb 24, 2013 at 03:37:00 PM PST

                  [ Parent ]

          •  That being said... (0+ / 0-)

            I really don't have a lot of respect for Citigroup.  They announced layoffs over 11,000 workers in December 2012 and some of those workers included people from the tech division.  Seriously, why lay off people in the tech division?  That's just insane.

            Now if Jack Lew had worked for Bank of the West, BBVA Compass or Union Bank, then this whole diary wouldn't exist.  All three banks have very good reputation.  I know Bank of the West has high ratings and is well respected in the business sector.

      •  Ok, he worked for a bank for almost 3 years (0+ / 0-)

        The point still holds. If we equate anyone who has ever been employed by a bank at a high level with evil, then we lose credibility.

        I think some here dream for the day that some anticapitalist will be nominated and confirmed for Treasury and that is never, ever, going to happen.

        "There is nothing more dreadful than the habit of doubt. Doubt separates people. It is a poison that disintegrates friendships and breaks up pleasant relations. It is a thorn that irritates and hurts; it is a sword that kills.".. Buddha

        by sebastianguy99 on Sun Feb 24, 2013 at 01:35:03 PM PST

        [ Parent ]

    •  career civil servant (2+ / 0-)
      Recommended by:
      eXtina, radmul

      who got a million dollar bonus during his stint in private sector ONLY if he got a "high level government job."

      corruption plain and simple.

      Stop Prohibition, Start Harm Reduction

      by gnostradamus on Sun Feb 24, 2013 at 06:50:15 AM PST

      [ Parent ]

  •  The bonus is disturbing. (2+ / 0-)
    Recommended by:
    akze29, Paper Cup

    His previous jobs don't bother me, though.

    As FDR said when appointing Kennedy head of the SEC, "it takes a crook to catch a crook," or some such.

    "Michael Moore, who was filming a movie about corporate welfare called 'Capitalism: A Love Story,' sought and received incentives."

    by Bush Bites on Sat Feb 23, 2013 at 10:34:46 PM PST

  •  Another bullshit diary (8+ / 0-)

    attacking a faithful public servant. Big banks tend to hire smart people. Lew is very smart . $900000 is chump change for someone with Lew's skill set.

    Give it a fucking rest.

    Here's my take on it - the revolution will not be blogged, it has to be slogged. - Deoliver47

    by OIL GUY on Sat Feb 23, 2013 at 11:28:58 PM PST

    •  no (0+ / 0-)

      I will NOT be giving it a rest.  count on it.

      this is corruption plain and simple.  if a repub was doing this, you and your 7 recommenders would be outraged.

      oil guy defending banksters.  lol.

      Stop Prohibition, Start Harm Reduction

      by gnostradamus on Sun Feb 24, 2013 at 06:57:08 AM PST

      [ Parent ]

  •  I'd HR (3+ / 0-)

    Because this seems to be a very thin accusation.

    But I'm drunk. I just might be missing something.

    :)

  •  Thinking ahead is really suspect in the (0+ / 0-)

    instinct-driven mind, probably because the instinct-driven respond to prompts. They do not think and plan ahead and so they "never expect."
    Instinct-driven people make ideal subordinates because they either do what they are told, or not. You can count on them to either follow orders or disobey. That they'll do something entirely different is highly unlikely. There's security in that.

    Orin Hatch is an instinct-driven person. He does what Republican presidents want and he obstructs Democrats. He's predictable. There's security in that.

    Security is what insecure people lack and like.

    We organize governments to deliver services and prevent abuse.

    by hannah on Sun Feb 24, 2013 at 04:09:15 AM PST

    •  I read as insect driven. (1+ / 0-)
      Recommended by:
      hannah

      About the same thing, I think. Uh. Coffee.

      Only thing more infuriating than an ignorant man is one who tries to make others ignorant for his own gain. Crashing Vor

      by emmasnacker on Sun Feb 24, 2013 at 05:35:10 AM PST

      [ Parent ]

    •  corruption (0+ / 0-)

      good job Hannah deflecting because Lew is your man.  you showed me.  just shows how hypocritical democratic supporters are when it serves them.  pathetic.

      Stop Prohibition, Start Harm Reduction

      by gnostradamus on Sun Feb 24, 2013 at 07:01:09 AM PST

      [ Parent ]

      •  I know nothing of Lew. Know little of Geithner. (0+ / 0-)

        Don't much care, to be perfectly honest. The Congress is tasked with managing the national assets, including the currency, and has been doing a damned bad job of it. Blaming the executive, whether as a scape-goat or tyrant has served the time-servers on Capitol Hill well.
        Yes, the executive gets suckered into making proposals which the Congress can then shoot down or rubber stamp, making sure that their recorded votes look good when it comes to re-election time.
        I do have a history of being an equal-opportunity grump. The selection of Kerry to be part of the executive gave me occasion to recall my assessmento of him in February 2004, before the Democratic nomination was set in May.

        http://hannah.smith-family.com/...

        Hiring someone is a crap shoot.  One never knows how they will turn out.

        We organize governments to deliver services and prevent abuse.

        by hannah on Sun Feb 24, 2013 at 07:59:31 AM PST

        [ Parent ]

    •  Thinking at all is suspect in the minds (0+ / 0-)

      of the truly-devoted and authority-enthralled. At an even lower level than the instinct-driven mind, the authority-enthralled mind's instinctual, reflexive deflection and defense of the leader supersedes all other instincts, and prevents discordant thoughts, views, or empirical evidence from entering the mind.

      Authority-enthralled people make the most ideal subordinates because they don't even need to be told what to do; they simply do what comes most naturally to them--reflexively defend their leader and insult others with terribly unoriginal attempts at being "clever" and circumspect.

      Hyperpartisan democrats are authority-enthralled persons. They do what hyperpartisan democrats do--reflexively defend the party and the leader, and their hind-brain doesn't permit any evidence of the contrary to the notion that the party, and its leadership, is anything but perfect to enter their conscious.

      There's where the most security lies; even more security than the ridiculous "instinct-driven" construct of your comment. The instinct-driven person at least admits of thoughts that run counter to the instinct. The authority-enthralled haven't even evolved far enough to have thoughts that rise to a sufficient level for instinctual reaction.

      •  I'm not sure it's a matter of evolution. There may (0+ / 0-)

        just be a developmental deficit occasioned by poor health, poor nutrition, environmental contamination or some perinatal insult.

        Only the worst cases show up as things like cerebral palsy and the recognized developmental problems which may or may not be "helped" by services.
        One of my hypotheses is that the reason the Cons are so obviously jealous of special needs children is perhaps because when they were children they struggled unattended. We've got a whole lot of "if I could do it, so can you," to justify why no help is needed.

        We organize governments to deliver services and prevent abuse.

        by hannah on Sun Feb 24, 2013 at 08:17:19 AM PST

        [ Parent ]

    •  are you in the right diary? (0+ / 0-)

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Sun Feb 24, 2013 at 09:24:20 AM PST

      [ Parent ]

  •  Sometimes a cigar is just a cigar. (1+ / 0-)
    Recommended by:
    emelyn

    You leave to work for one of our competitors no bonus. You leave to go back into government you get to keep it. If I was Lew or who ever negotiated his contract this is a condition I would have requested.

    I know folks like to think in grand conspiracies about the banks and Wall St, but sometimes it is nothing more than the way Lew negotiated his contract. He knew he would probably end going back into public service, since this is where he spent all of about 30 seconds of his career.

    Why is it that, as a culture, we are more comfortable seeing two men holding guns than holding hands?

    by jsfox on Sun Feb 24, 2013 at 06:55:22 AM PST

  •  Let's be clear on one thing.... (0+ / 0-)

    Jack Lew would be reporting to President Obama.  He's not running the country.

    President Obama is also not President Bush, not by a long shot.  If Jack Lew had been selected by President Bush back during his tenure then I'd have been very worried.

    On the other hand, thank god Obama is not selecting Jon Corzine.

  •  Money buying influence (1+ / 0-)
    Recommended by:
    Musial

    It what happens all the time D or R - it makes no difference. The longer you believe these people are trying to do something for anyone other than themselves your head needs to come out of the sand.

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