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December 02, 2012


The Next Treasury Secretary?

The New York Times looks at White House chief of staff Jack Lew, the frontrunner to be President Obama's next Treasury Secretary.

"If Mr. Lew gets the Treasury job, the business world will not be unhappy. He is not a creature of Wall Street, but before joining the Obama administration, he spent three years in high-level (and high-paying) jobs at Citigroup, where he oversaw a unit that lost money but also profited from betting against the subprime mortgage market. Mr. Lew was chief operating officer; in testimony before Congress, he has said he did not make investment decisions."

"For Mr. Obama, the choice is whether he needs Mr. Lew more in overseeing the Treasury Department or in running the White House."












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