Advertising

Blog Roll
Who's My Legislator?

Virginia Blogs
Augusta Free Press
Bacon's Rebellion
Blue Ridge Caucus
Blue Louisa
Coarse Cracked Corn
Crew of 42
DemRulz
Dixie Pig
Equality Loudoun
Greater Greater Washington
Loudoun Progress
Moonhowlings
Not Larry Sabato
Ox Road South Blog
Pilot on Politics" blog
Richmonder
Richmond Sunlight
RTD Virginia Politics blog
Roanoke Times blog
Shad Plank
Vivian Paige
Waldo Jaquith
Waldo's VA Political Blogroll


Find more about Weather in Arlington, VA
Click for weather forecast
Search




Advanced Search


Citigroup gave Jack Lew $940,000 ONLY if he got a high-level government position

by: ir003436

Sat Feb 16, 2013 at 13:06:32 PM EST


This makes me sick.  My stomach is churning as I write.

Thursday's WSJ, reporting on confirmation hearings for President Obama's nominee for Treasury Secretary, Jack Lew, revealed the answer to Senator Elizabeth Warren's question about why no banksters are in jail.

http://wallstreetonparade.com/...

Why not?

Because the banks pay the banksters only if they take high-powered policy or regulatory positions from which they can protect themselves and their co-conspiratorts.

Here's Senator Hatch reading from Jack Lew's contract with Citigroup.

. . . Third, your employment agreement included a clause stating that 'your guaranteed incentive and retention award' would not be paid upon exit from Citigroup but there was an exception that you would receive that compensation 'as a result of your acceptance of a full time high level position with the United States Government or a regulatory body.'

So:  

1.  He gets a bonus.

2.  But if he leaves Citigroup he does NOT get the bonus.

3.  HOWEVER, if he leaves Citigroup for "a full time high level position with the United States Government or a regulatory body," then, he gets the money.

No matter what you think about Hatch or the WSJ . . . and, in my case, that's not much . . . Hatch appears to be reading from Lew's contract with Citigroup and not making up accusations.

Think about:  We will give you close to a million $$$ ONLY if you leave here and go to work for the very people who are regulating us -- wink, wink, wink.

Cue the theme music from The Sopranos.
http://www.youtube.com/watch?v...

Why do any of us even try to be honest and hard-working?

I'm writing to Senators Kaine and Warren, asking them to NOT support Lew.  Lew needs to step down and go back to Citigroup. Or to jail.

ir003436 :: Citigroup gave Jack Lew $940,000 ONLY if he got a high-level government position
Tags: (All Tags)
Print Friendly View Send As Email

Menu

Make a New Account

Username:

Password:



Forget your username or password?


Advertising



FOLLOW BLUE VIRGINIA on SOCIAL MEDIA


Donate to Blue Virginia

About
The purpose of Blue Virginia is to cover Virginia politics from a progressive and Democratic perspective. This is a group blog and a community blog. We invite everyone to comment here, but please be aware that profanity, personal attacks, bigotry, insults, rudeness, frequent unsupported or off-point statements, "trolling" (NOTE: that includes outright lies, whether about climate science, or what other people said, or whatever), and "troll ratings abuse" (e.g., "troll" rating someone simply because you disagree with their argument) are not permitted and, if continued, will lead to banning. For more on trolling, see the Daily Kos FAQs. Also note that diaries may be deleted if they do not contain at least 2 solid paragraphs of original text; if not, please use the comments section of a relevant diary. For more on writing diaries, click here. Thanks, and enjoy!

P.S. You can contact us at lowell@raisingkaine.com and you can subscribe to Lowell's Twitter feed here. If you'd like to subscribe to Miles Grant's Twitter feed, click here. For Teacherken, click here. For Kindler, click here.

P.P.S. To see the Blue Virginia archive, please click here. To see the Raising Kaine archive, please click here. To see the Blue Commonwealth archive, please click here.



RSS Feed

Subscribe to Blue Virginia - Front Page


Real Time Web Analytics
Powered by: SoapBlox