New Chief of Staff: Made Money Off Mortgage Defaults | TigerDroppings.com

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pistolpete23
LSU Fan
In the present
Member since Dec 2007
3852 posts

New Chief of Staff: Made Money Off Mortgage Defaults


quote:

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.


quote:

The piece also reported: “Lew made millions at Citi, including a bonus of nearly $950,000 in 2009 just a few months after the bank received billions of dollars in a taxpayer rescue, according to disclosure forms filed with the federal government. The bank is still partly owned by taxpayers.”


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BayouBlitz
LSU Fan
Birmingham
Member since Aug 2007
5867 posts
 Online 

re: New Chief of Staff: Made Money Off Mortgage Defaults


Conservatives should have no problem with someone making money legally. Free market and all.

To me, it just goes to show that both political parties are loaded with sleezebags.






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Zahrim
Colorado Fan
McCamey Texas
Member since Mar 2009
4488 posts

re: New Chief of Staff: Made Money Off Mortgage Defaults


quote:

it just goes to show that both political parties are loaded with sleezebags.


this






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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29859 posts

re: New Chief of Staff: Made Money Off Mortgage Defaults


It is worth noting that there are plenty of teachers, cops, firefighters, etc. who are depending on their pension fund managers to get as much ROI as they can.

In other words, the guy was doing his job.






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bunky
LSU Fan
FREE EL GUACHO
Member since Jul 2011
4471 posts

re: New Chief of Staff: Made Money Off Mortgage Defaults


This is news, why exactly?





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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
19451 posts

re: New Chief of Staff: Made Money Off Mortgage Defaults


quote:

This is news, why exactly?


Because he's one of teh ebil Wall Street predators who ruined the economy.






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paps
LSU Fan
Member since May 2011
196 posts

re: New Chief of Staff: Made Money Off Mortgage Defaults


quote:

To me, it just goes to show that both political parties are loaded with sleezebags.


Yep. Washington needs a violent purging. You hear that, big sis?






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real
LSU Fan
Dixieland
Member since Oct 2007
12710 posts

re: New Chief of Staff: Made Money Off Mortgage Defaults


quote:

Conservatives should have no problem with someone making money legally. Free market and all.
We havbe no problem with people making money, what we do have a problem with is dumbass liberal democrat sheep who beleive that obama is for the middle and lower class. Yeah right. Follow him straight to the food stamp line.






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