Jack Lew

  • 26 Feb 2014 at 5:37 PM
  • Banks

Citigroup Plot To Seize The U.S. Government Is Sort Of Paying Off

During their very, very short times at the helm of the nation’s most boring bank, Robert Rubin and Vikram Pandit apparently devised and implemented a brilliant and nefarious plan to seize the levers of power in Washington. Read more »

  • 24 Jan 2014 at 1:38 PM

Bitcoin In Jamie Dimon’s 2014 Death Pool

Bitcoin has been tossed into the virtual gutter at the World Economic Forum in Davos this week, as top US financial leaders warned the vitrual currency could be used to fund terrorism and predicted that regulation would put it out of business. Jack Lew, US Treasury secretary, said: “From the government’s point of view, we have to make sure it does not become an avenue to funding illegal activities or to funding activities that have malign purposes like terrorist activities. High quality global journalism requires investment. “It is an anonymous form of transaction and it offers places for people to hide,” Mr Lew said in an interview with CNBC at Davos. Jamie Dimon, JPMorgan chairman and chief executive, told the same channel: “The question isn’t whether we accept it. The question is do we even participate with people who facilitate Bitcoin?” Ultimately, Mr Dimon said, Bitcoin would be subjected to the same regulatory standards as other payment systems and “that will probably be the end of them”. [FT]

Not Tim Geithner wants wily central banks around the world—well, the one in Tokyo, anyway—to know that he’s on to them. Read more »

As you have likely heard, President Obama plans to put Tim Geithner out of his misery tomorrow by nominating Jack Lew for Treasury Secretary. Lew is known for being Obama’s White House Chief of Staff and also for having an absurd signature. And not like chicken scratch illegible-absurd, like not resembling anything in the alphabet, might as well have drawn an illustration of two alpacas fornicating/signed his name Mariah Carey absurd. And, should he be confirmed and subsequently have his name printed on a bunch of dollar bills, Lew will likely be forced to come up with something that actually looks like it spells “Jacob Lew” as opposed to what is he is currently signing receipts and important documents with, i.e. this: Read more »