Hey Monkeys,
I haven't come across any threads discussing our new Treasury Secretary: Jack Lew. His confirmation was pretty tumultuous, but nowhere near as bad as Hagel's.
What do you guys think? Better or worse than Geithner - or just more of the same K-Street revolving door?
| +460 | Don’t work at UBS - UBS Sucks | 45 | 13m |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 1d |
| +219 | Should My Intern Get a Return Offer? | 59 | 1d |
| +62 | Getting Laid in IB? | 28 | 1d |
| +56 | F*ck it I'm Going to Med School | 19 | 3d |
| +54 | Intern keeps sleeping at work - what to tell them | 26 | 1h |
| +51 | Living in greenwich as an analyst? | 10 | 11h |
| +47 | Incompetent and annoying co-intern | 20 | 2h |
| +33 | Nauseous every morning for past 3 years in IB, anyone else? | 22 | 2h |
| +33 | Quick Thoughts on CVC AI Sale Process | 5 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hard to say whether he will be better or worse...feel more comfortable phrasing it as he will be equally as bad if not worse.
I heard a good theory which is that Hagel was a distraction to get the neocons' (ie essentially all of GOP) panties in a wad so Jack Lew, the true P.O.S. nominee, could squeak through. Regardless, I hope the "Squiggles" catches on like Turbotax Timmy did.
True or not, this is what I hate the most about politicians. They act like they can only focus on one thing at a time.
Obama Taps Jack Lew as Next Treasury Secretary (Originally Posted: 01/09/2013)
From the NYTimes http://www.nytimes.com/2013/01/10/us/politics/obama-to-name-jacob-j-lew…
Republicans are mad he didn't choose a finance executive like Dimon. Liberals are mad that he didn't choose an academic like Krugman. Feminazis are mad that he didn't chose a woman (any woman, regardless of qualifications).
I guess that means he made a solid choice?
White House Budget Department and then Citi. Just the guy I want running the Treasury Dept.
And liberals wanted Krugman? Absolutely disgusting.
I can always trust you to provide the conservative POV. And by "liberals" I mean a dozen or so comments posted on the NYT comment section. But let's try and keep this civil, okay?
Bad pick. He's missing the one thing every Treasury Secretary must have... Jack Lew Lacks Jew.
hahah. That was what I originally read the thread as.
Listen, whoever Obumbles chooses, it doesn't matter. Obama will fuck it up. I literally would pay to have all of my media filtered so that I never see, hear or read anything about Obama.
Doubles the debt, rolls out another bankrupting social program and goes after the 2nd American right. Cater on steroids. At least the American people saw how shitty Carter was/is.
Can someone please arrange this so we don't have to sit through any more rants about "Obumbles", or what most of the civilized world refers to as President Obama?
Actually he's an Orthodox Jew.
Lew is an ex-Citi employee who received a $950,000 bonus after the firm took a bailout. Could you imagine the media outrage if a republican named such a man to this post?
Doesn't matter man. The anointed one can do no wrong.
Does anyone have any viable alternatives?
Anyone from a better bank than C.
obama is an idiot. http://online.wsj.com/article/SB100014241278873247313045781937705763336… this article pretty much shows his true side while he goes on Oprah and says hes a wonderful, affable husband and president.
To me that article shows that Obama played the fiscal cliff poker game better than Boehner, and that's about it. Wtf does it have to do with his abilities as a husband or his temperament? Is that really the best you could do?
First you call him an idiot (look out we have a badass on our hands!). Then you link an article that has nothing to do with his supposed lack of intelligence. Then you attack his ability as a husband, which is also unrelated to the article. You're just all over the place buddy.
Sb'ed because someone took a dump on your comment, which is completely valid.
Found this comment fascinating from the article.
"Ironic isn’t it that Republicans behave like Unions? This is the sort of thing they rail about, yet fully intend to shut down the Gov’t and hold entire nation hostage if they have their way."
As a fiscal conservative, I sadly agree. :(
sweet signature Jack.... OoooOoo
Republicans need dig in their heals on the debt ceiling and force Obama to cut entitlements and government spending. Fight every single thing he does.
To be clear, I am including you in that class of people.
Makes sense. Obama has a knock-down drag-out coming up over the debt ceiling, and he needs someone who is both a beltway guy and loyal. Lew is both.
Not a terrible decision, not a great one.
The worst thing about Jack Lew is probably his signature. It's going to deface every single piece of U.S. legal tender during his tenure. Disgraceful.
http://i.imgur.com/4DMRs.jpg
WOW! And I thought I had bad penmanship! That is a complete embarrassment!
Alias aut qui minima et sed non ut. Recusandae magnam ipsum ea fuga. Illo recusandae aspernatur aperiam excepturi rerum quisquam sed dolore.
Vel animi optio minima et dolorem. Est voluptatibus neque et sint itaque est perspiciatis. Optio perferendis ipsam error ea ut qui soluta.
Sequi voluptas omnis exercitationem doloribus dolor. Ipsa vel quae ad dolorem praesentium quia. Ut ex similique amet delectus labore non at. Consequatur aperiam voluptas veritatis distinctio.
Ea sit tenetur et numquam officia illo. Ea quia doloremque pariatur facilis harum maxime. A ea nam et distinctio tempora cumque hic. Officia suscipit non delectus laudantium odit placeat quas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et officiis est fuga nobis saepe rem non. Nulla et tempora quidem accusamus. Et placeat tenetur dolores voluptatibus iusto rerum. Qui earum voluptas fugit officia et recusandae. Nobis saepe qui quos maxime est qui. Aperiam est aut eveniet reprehenderit placeat.
Non magnam maiores tenetur asperiores ut atque provident. Aspernatur nesciunt distinctio error consequatur nihil. Omnis molestiae tempore facilis blanditiis eum quos. Sit vel aliquam voluptas amet tempora et temporibus. Qui aliquid qui non explicabo magni.
Esse consequatur eos quae consequatur doloremque earum alias. Incidunt eius nemo perspiciatis velit modi. Totam et odit aut explicabo qui.