Obama Introduces The New Treasury Secretary - Live Webcast

Tyler Durden's picture

President Obama is due to speak at 130pmET on what we pre-suppose is his introduction of Jack Lew as the new Treasury Secretary. As Geithner steps aside to take up his rumored role as Citigroup Chair (although more realistically to write a book over the next 12 months, bashing none other than Tim Geithner), he leaves behind a legacy of opacity that we are sure the incoming "political guy" will be all too happy to continue until his chairmanship is ready...



Lew-In? Lew-In?


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Snakeeyes's picture

Oy vey! Another fraud/con artist in the Obama Administration. Who woulda thunk??


localsavage's picture

I thought he was a Muslim loving president.

redpill's picture

Sorry I'm a bit Lysdexic, but I can't believe we have a treasury sec named Lack Jew!

optimator's picture

That's Jack Lew, Orthodox Jew.

magpie's picture

How would you like your dry martini er new debt ?

Minted or printed ?

Stackers's picture

Mr Lew, is there any chance the U.S. could have hyperinflation ?

No, No chance of that.

Yes We Can. But Lets Not.'s picture

There is something seriously fucking wrong with someone who signs his name like *that*.  No, really.  Watch, we'll find out this guy is wacked-out.

helping_friendly_book's picture

That's it!

I just sharted!

I could clinch the cheeks enough to make it through Otto's comment but I just soiled myself.

Good Job!

Now excuse me while I change my undies.

krispkritter's picture

I'm just gonna call him 'Lew-insky' because you know he's gonna suck...

unplugged's picture

Fixed it for you:

I thought he was a Muslim president.

TruthInSunshine's picture

Huh? (sayeth the Amerikan People)


*p.s. - This position was rightfully that of one Jamie Dimon, who paid damn good money for it. Even the KronyKomradeKapitalist of Omaha, Warren "We Really Stuck It Up the Taxpayers' Asses Good & Hard, AmIright Charlie Munger?" Buffett blessed Jamie.

I feel your indignation, Jamie. 

knukles's picture

But, at the very last moment, The City and Lloyd intervened to ensure the individual assuming said position has just about zero fucking knowledge of capital markets and thus, might better never question his master's instructions.

A tool is better than a compatriot

FoeHammer's picture

I think you hit it knuckles!

nmewn's picture

lol...Jack Lew gets a 950k bonus at Citi at the same time O'Barry was breathing fire & brimstone at Wall Street.

Nothing to see here...move along.

magpie's picture

One day, Jews will be again running countries that don't make financial losses /sarc

Zap Powerz's picture

Zero Hedge was reporting that this was going to happen.  If I recall, this was reported 1-2 weeks ago....waaaaay before even Drudge had it.

Nice job ZH.  It confirms my belief that this site knows some shit.

francis_sawyer's picture

 "Strong Dollar [cough] Policy"

lolmao500's picture

While kids got shot in California. You bet Obama is gonna talk about that and gun control instead of Jack Lew.

otto skorzeny's picture

All Hail King of the Money Jews

pods's picture

I am Jack's complete lack of surprise.


AccreditedEYE's picture

Market seems to like Lew... up and moving higher. BTFD

otto skorzeny's picture

why wouldn't they like another Keynesian Zionist? same as the old boss

knukles's picture

Krugman Alien Invasion Approved

TideFighter's picture

Well, I guess I would rather have Jack's looping somersault signature versus a Summers assault.  

otto skorzeny's picture

actually-that is the mark of the beast

Dagny Taggart's picture

And.... he's late. LOL

A close ally of Robert Rubin, Lew followed Rubin to Citigroup in 2000, where he was made chief operating officer of Citi’s Alternative Investments Group—its hedge funds.


I spit my coffee out when I read that part. At least now it makes sense I suppose...

RSBriggs's picture

Hopefully someone will recap?  I can't listen to Obama speak, it literally makes me physically ill.  Guess I'm not the right kind of pod person to be able to listen to him....

RSBriggs's picture

Not room 101.....   I LOVE BIG BROTHER.  Not me, get HER.  I LOVE BIG BROTHER....

jumbo maverick's picture

I think years from now the shrinks will have an actual medical diagnosis for your problem. I have the same problem and I wager many more do as we'll. when I am unlucky enough to see him speak I immediately start yelling curses like " Motherfucker and Fucking Criminal" I can't change the channel or leave the room fast enough.

RSBriggs's picture

it's wierd.  I've tried to listen to him multiple times, but after a few minutes his words start to not make any sense to me, and after listening to him for about 10 minutes my head starts spinning and I very literally wiill start puking.  Dunno what it's all about.  I've never been affected like that by anyone before.... 

RSBriggs's picture

edit - delete free gratis dupe from a single hit of SUBMIT....

lolmao500's picture

As always, late.

knukles's picture

... and a couple trillion dollars short

azzhatter's picture

Jackoff Lew describes the position

JR's picture

With cabinet nominations so far, the left wing web site, Salon, bemoaned the lack of diversity with selection of white males.  But where is the complaint on the lack of diversity among consistent insider banker selections who are Jewish, such as Jack Lew?   

America’s economic problems are in the crisis zone. And it’s imperative that this banker stranglehold on the nation’s finances be broken.

Ron Paul said yesterday: “Both major parties and most members of Congress are in total denial about what the real problem is. They think it’s just the budget, that if we change this number, raise taxes, pretend to cut spending, we’ll solve the problem. It’s much bigger than this.

“First off the country is bankrupt, we’re insolvent, we can’t pay the bills, and they won’t admit it.”

This is from a video interview on the Alex Jones show posted today on The LRC Blog. This stirring dialog touches on everything from capitalism versus Keynesianism to Sandy Hook and civil liberties… to Paul’s future plans.

Here is my partial transcript relating to Paul’s financial views and the economy; and why America’s problem is much bigger than the budget…

“We have these obligations of $220 Trillion in national debt, 16T as the biggest foreign debtor nation ever. And that is ignored; they talk about what they’re going to do, talk about tinkering with the tax code, and talk about cuts which aren’t cut. So it’s just all deceit and trying to fool the people into believing that they can tinker with the budget. The problem is government is too big, they don’t’ follow the Constitution, they don’t know what the rule of government ought to be in a free society. And they don’t admit we’re bankrupt…

“Are we going to go over the cliff? In many ways we’re over the cliff.  If you’re over a cliff you just don’t have a chance to climb back up and we really don’t; we’re not going to have enough people in Congress [to make the effort] even in the next go around… We can’t go back and all of a sudden balance our budget, remove the regulations and protect our liberty and all we have to do is listen to our president and what he plans.  But Republicans aren’t doing a whole lot more.

“We’re facing a situation where it took a hundred years for our government and our schools to indoctrinate our people in accepting the idea that the role of government is to take care of us and provide perfect safety and make sure nobody falls thru the net and take care of the people and the whole world.

“We have to address what the role of government should be. The Founders made an attempt at it. They wrote a constitution; we don’t obey it.

“If we accept the notion that the role of government is to protect our freedoms, provide some national defense for us, provide a sound currency and protect our liberties, there would be no warfare state and there would be no welfare state. And nobody wants to address that. All this talk, and neither Republicans nor Democrats will even suggest cutting the militarism. The only talk was should we increase the military expense by 18 percent or 20. The people who wanted 18 percent were castigated for slashing national defense as if they were unpatriotic.

“That is the mess we are in…a problem of education, the consequence of  100 years of control of many generations, indoctrinating them in bad economic policy and foreign policy.”

Paul’s hope is in America’s young people, in the value of technology, in the Internet. Technology so far in all of history has been used to enhance the power of the State and kill people, Paul said. This is the one time in history, if we’re smart enough, the people should be able to use the technology, the Internet, to stop the most dangerous trend ever facing our nation, the threat to our civil liberties.


francis_sawyer's picture

 "With cabinet nominations so far, the left wing web site, Salon, bemoaned the lack of diversity with selection of white males. But where is the complaint on the lack of diversity among consistent insider banker selections who are Jewish, such as Jack Lew?"


Nowhere ~ Because clearly the 'COLLECTIVIST CONSENSUS' is that there is little to read into that observation... Furthermore ~ you should NEVER stop to question anything that you learn in establishments of higher education [like universities], or, what is reported to you by the mainstream media [by virtue of their unimpeachable track record of telling you the TRUTH]...

Your PERSONAL conclusions may be DANGEROUS to you [& MANKIND]... WORSE ~ they may even piss off a few people on FIGHT CLUB... You wouldn't want that... It'd be safer to TIPTOE around the idea...



JR's picture

Representative Charlie Rangel of New York, with four appointments in a row of “white men” for Obama’s cabinet, calls it “embarrassing as hell.”

Rangel: “We’ve been through all of this with Mitt Romney. And we were very hard with Mitt Romney with the women binder and a variety of things…and I kind of think there’s no excuse with the second term.”

Former Arkansas Governor Mike Huckabee gets into the act by calling Obama’s second term cabinet a “war on women.”

Nothing, of course, from either Rangel or Huckabee on the continuing presence of key officials, especially in the financial sector, who are Jewish.

The 2012 presidential election results were heavily influenced by racism. And, now, the victors, obviously unconcerned about any qualifications for office other than color or gender or race, want to scream if a white male is awarded a peanut.

francis_sawyer's picture

"Nothing, of course, from either Rangel or Huckabee on the continuing presence of key officials, especially in the financial sector, who are Jewish."


Well ~ at least Rangel, Huckabee, [& many others] know better than to bite the hand that feeds them [which it unquestionably does ~ and WELL]... The kick I get is out of the [many] SUCKAS who have zero to gain by blindly defending the Schwartz... I mean... FUCK ME... If I'm TOTALLY wrong about it then I'll be happy to apologize someday [to somebody]... But case after case after case lead me to believe that I'm 'in the ballpark', somewhere, with my observations [even though they are not popular]

jumbo maverick's picture

I suppose if one were to stand outside the Chicago steam bath houses one would find that wrinkly old white males were the majority of customers visiting. So that may explain why obunghole picks wrinkly old white males to be in the cabinet.

helping_friendly_book's picture

******The problem is government is too big, they don’t’ follow the Constitution, they don’t know what the rule of government ought to be in a free society. And they don’t admit we’re bankrupt…*****

The problem is the absence of the rule of law. Without a simple means to justice....i.e....upholding the constitution, the law of the land, which has been ignored for 200 years we have nothing, no chance, no justice. 

SCOTUS is a major part of this problem. They install usurping idiots in the WH, let citizens of another ME nation rule over this country and we, the people, are merely tenant share croppers paying our ME masters. When are we going to wake up?



Per Wiki: "Lew's faith never got in the way of performing his duties." It will at the treasury "Thou Shalt Not Steal"

10044's picture

Meet the new debt, same as the old debt

otto skorzeny's picture

I just puked-"Tim G will go down as one of our finest SecTreas"-BO. my fucking ammo orders can't get here fast enough-now that fucking adulterer/liar clinton is opening his NWO piehole about gun control.