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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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Thu, 01/10/2013 - 14:23 | 3141294 Snakeeyes
Snakeeyes's picture

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

 

Thu, 01/10/2013 - 14:27 | 3141310 localsavage
localsavage's picture

I thought he was a Muslim loving president.

Thu, 01/10/2013 - 14:29 | 3141320 redpill
redpill's picture

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

Thu, 01/10/2013 - 14:33 | 3141333 optimator
optimator's picture

That's Jack Lew, Orthodox Jew.

Thu, 01/10/2013 - 14:47 | 3141373 magpie
magpie's picture

How would you like your dry martini er new debt ?

Minted or printed ?

Thu, 01/10/2013 - 14:55 | 3141376 hedgeless_horseman
hedgeless_horseman's picture

 

 

 

Thu, 01/10/2013 - 15:02 | 3141428 Stackers
Stackers's picture

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

No, No chance of that.

Thu, 01/10/2013 - 21:34 | 3143032 Yes We Can. But...
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.

Thu, 01/10/2013 - 15:19 | 3141541 FoeHammer
FoeHammer's picture

+1. Nice work horseman

Thu, 01/10/2013 - 23:58 | 3143380 helping_friendl...
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.

Thu, 01/10/2013 - 14:48 | 3141375 krispkritter
krispkritter's picture

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

Thu, 01/10/2013 - 16:01 | 3141756 eatthebanksters
eatthebanksters's picture

How about 'Blew'...

Thu, 01/10/2013 - 16:28 | 3141893 DMac
DMac's picture

Those grabblers are at it again

 

http://www.youtube.com/watch?v=Q4PC8Luqiws

 

 

 

Thu, 01/10/2013 - 14:56 | 3141407 JustPrintMoreDuh
JustPrintMoreDuh's picture

Jack Spew 

Thu, 01/10/2013 - 14:48 | 3141374 unplugged
unplugged's picture

Fixed it for you:

I thought he was a Muslim president.

Thu, 01/10/2013 - 14:37 | 3141325 TruthInSunshine
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. 

Thu, 01/10/2013 - 14:51 | 3141390 knukles
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

Thu, 01/10/2013 - 15:20 | 3141551 FoeHammer
FoeHammer's picture

I think you hit it knuckles!

Thu, 01/10/2013 - 19:34 | 3142672 nmewn
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.

Thu, 01/10/2013 - 14:37 | 3141342 magpie
magpie's picture

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

Thu, 01/10/2013 - 15:03 | 3141436 Zap Powerz
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.

Thu, 01/10/2013 - 14:26 | 3141296 francis_sawyer
francis_sawyer's picture

 "Strong Dollar [cough] Policy"

Thu, 01/10/2013 - 14:24 | 3141298 lolmao500
lolmao500's picture

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

Thu, 01/10/2013 - 14:25 | 3141305 otto skorzeny
otto skorzeny's picture

All Hail King of the Money Jews

Thu, 01/10/2013 - 14:55 | 3141404 pods
pods's picture

I am Jack's complete lack of surprise.

pods

Thu, 01/10/2013 - 14:26 | 3141306 AccreditedEYE
AccreditedEYE's picture

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

Thu, 01/10/2013 - 14:28 | 3141312 otto skorzeny
otto skorzeny's picture

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

Thu, 01/10/2013 - 14:52 | 3141392 knukles
knukles's picture

Krugman Alien Invasion Approved

Thu, 01/10/2013 - 14:27 | 3141311 TideFighter
TideFighter's picture

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

Thu, 01/10/2013 - 14:28 | 3141314 otto skorzeny
otto skorzeny's picture

actually-that is the mark of the beast

Thu, 01/10/2013 - 14:31 | 3141328 Dagny Taggart
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.

http://prospect.org/article/jack-lew-best-we-can-do

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

Thu, 01/10/2013 - 14:33 | 3141332 RSBriggs
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....

Thu, 01/10/2013 - 14:53 | 3141395 knukles
knukles's picture

Room 101 awaits

Thu, 01/10/2013 - 14:58 | 3141414 RSBriggs
RSBriggs's picture

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

Thu, 01/10/2013 - 16:57 | 3142056 1100-TACTICAL-12
1100-TACTICAL-12's picture

What's in room 101??

Thu, 01/10/2013 - 14:55 | 3141403 jumbo maverick
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.

Thu, 01/10/2013 - 15:04 | 3141438 RSBriggs
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.... 

Thu, 01/10/2013 - 15:05 | 3141439 RSBriggs
RSBriggs's picture

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

Thu, 01/10/2013 - 14:36 | 3141337 lolmao500
lolmao500's picture

As always, late.

Thu, 01/10/2013 - 15:11 | 3141486 knukles
knukles's picture

... and a couple trillion dollars short

Thu, 01/10/2013 - 14:36 | 3141340 azzhatter
azzhatter's picture

Jackoff Lew describes the position

Thu, 01/10/2013 - 14:40 | 3141345 JR
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.

http://www.lewrockwell.com/blog/lewrw/archives/130375.html

Thu, 01/10/2013 - 15:00 | 3141363 francis_sawyer
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...

~~~

http://www.youtube.com/watch?v=skU-jBFzXl0

Thu, 01/10/2013 - 15:06 | 3141455 JR
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.

Thu, 01/10/2013 - 15:20 | 3141515 francis_sawyer
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]

Thu, 01/10/2013 - 14:59 | 3141423 jumbo maverick
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.

Thu, 01/10/2013 - 23:44 | 3143354 helping_friendl...
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?


 

Thu, 01/10/2013 - 14:39 | 3141347 HANKREARDON
HANKREARDON's picture

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

Thu, 01/10/2013 - 14:43 | 3141359 10044
10044's picture

Meet the new debt, same as the old debt

Thu, 01/10/2013 - 14:47 | 3141360 otto skorzeny
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.

Thu, 01/10/2013 - 23:24 | 3143318 helping_friendl...
helping_friendly_book's picture

Shit or get off the pot Otto!

Or should I say pull the trigger or shut up!

Tired of hearing all the gun bugs talking about your ammo while the system is usrped by the joohs.

All you gun buggers need to get together and use some of that ammo on some worthy targets. 

Endless babbling about your guns and pm while timmy, hank paulson and corzine retire to Monaco.

Your comment are so amusing I have to clinch my cheeks to keep from sharting but, for goodness sakes, put some of that lead to good use.

 

Thu, 01/10/2013 - 14:45 | 3141367 A Lunatic
A Lunatic's picture

America is still the sweetest smelling fart in the room............

Thu, 01/10/2013 - 14:48 | 3141377 Dealer
Dealer's picture

thats funny.

Thu, 01/10/2013 - 14:46 | 3141370 youngman
youngman's picture

I think we need to have Gov Brown of California do it....he just eliminated his deficit...24 billion...all gone in one year...magic I say...magic...he will be headlining at the Sands in Vegas when he is done governing....quite a show...and maybe Linda Ronstadt will sing

Thu, 01/10/2013 - 14:51 | 3141391 JR
JR's picture

As usual, debt is the magic and myths of projected cash flow are the panacea.

Observers have explained that California ended the last fiscal year with a cash deficit of $9.6 billion, as of December 31, that cash deficit totaled $24.2 billion.

The Governor’s statement of no deficit is based on projected cash flow. From Comptroller John Chiang: As of December 31, the $24.2 billion cash deficit was to be covered with $14.2 billion of internal borrowing (temporary loans from special funds), and $10 billion of external borrowing.

HeHe.

Thu, 01/10/2013 - 14:48 | 3141378 lolmao500
lolmao500's picture

WHAT A LOAD OF CRAP!!! Turbo Timmy is SCUM. And SOLVED NOTHING.

Thu, 01/10/2013 - 14:49 | 3141381 A Lunatic
A Lunatic's picture

So long and good luck surviving the collapse you moronic gullible Mother Fuckers. Hahahahahahahaha.......!!!!

 

-Timothy Geithner-

Thu, 01/10/2013 - 14:55 | 3141400 Dr. Engali
Dr. Engali's picture

Hey Lew can you send out a tweet of what you're shorting right now? I'd like to be in on that trade.

Thu, 01/10/2013 - 15:06 | 3141450 pods
pods's picture

If only you had the Odigo messenger program you would already know what the game plan was.

pods

Thu, 01/10/2013 - 14:55 | 3141402 lynnybee
lynnybee's picture

i did my research yesterday.   i do not like him & do not approve of him, but, no matter....me, an American taxpaying citizen has no say in the matter.

Thu, 01/10/2013 - 14:55 | 3141406 HANKREARDON
HANKREARDON's picture

we are all about to get JACKED (again).

Thu, 01/10/2013 - 14:58 | 3141416 Hedgetard55
Hedgetard55's picture

"No risk of a downgrade, none".

Thu, 01/10/2013 - 15:23 | 3141578 Atlantis Consigliore
Atlantis Consigliore's picture

Wrong video use Willi the Treasury  Pimp:   http://youtu.be/eKYGaEafv4g

If it fits you must eat it.

 

Thu, 01/10/2013 - 15:31 | 3141612 Seasmoke
Seasmoke's picture

the American people are Lewsing !

Thu, 01/10/2013 - 17:29 | 3142229 Jack of All Trades
Jack of All Trades's picture

And being flushed down the Loo

Thu, 01/10/2013 - 15:44 | 3141676 news printer
Thu, 01/10/2013 - 15:55 | 3141727 madcows
madcows's picture

Will he be more or less corrupt / destructive / useless than Taxcheat-Timmy?

Thu, 01/10/2013 - 16:10 | 3141796 JR
JR's picture

Each new banker insider has his own creative ways of compling with the owners of the Federal Reserve System. With Lew’s experience, he appears to present a seamless transition to the insider financial corruption.

It’s criticial that the international bankers not be faced with any kind of independence or honesty in the Treasury or the entire apple cart will topple. Only a trusted confederate can be appointed.

Glenn Greenwald had the facts on Lew in 2012: here is a quote:

“In 2010, Lew became head of the Office of Management and Budget when Peter Orszag left and then, a couple months later, accepted a multi-million dollar position as a high-level Citigroup official. Lew has spent many years in various government positions, but he has his own substantial ties to Citigroup. Here is what Lew was doing in 2008 at the time the financial crisis exploded, as detailed by an excellent Huffington Post report from last year: [Lew] oversaw a Citigroup unit that profited off the housing collapse and financial crisis by investing in a hedge fund king who correctly predicted the eventual subprime meltdown and now finds himself involved in the center of the U.S. government’s fraud case against Goldman Sachs.

“Lew (like so many key Obama officials) also participated in the orgy of Wall Street de-regulation that took place in the 1990s when he served as Clinton’s OMB head; after leaving Citigroup to join the Obama administration, he unsurprisingly said in response to questioning from Sen. Bernie Sanders that he does not believe deregulation contributed to the financial crisis.”

http://www.salon.com/2012/01/10/the_new_wh_chief_of_staff_and_citigroup/singleton/

Thu, 01/10/2013 - 16:27 | 3141889 edifice
edifice's picture

I don't know why they even bother calling it the Treasury... It's not like we have any assets to account for; it's all debt, at this point and the Fed owns the gold.

Fri, 01/11/2013 - 01:54 | 3143490 e_goldstein
e_goldstein's picture

So they say. Ownership will be up for grabs once they are hanging from lamp posts.

Thu, 01/10/2013 - 16:53 | 3142012 Blazed
Blazed's picture

You are about to be Jew Jacked!

Thu, 01/10/2013 - 16:58 | 3142059 falak pema
falak pema's picture

so is this guy a low profile Tim Geithner in the making?

Thu, 01/10/2013 - 17:27 | 3142225 Jack of All Trades
Jack of All Trades's picture

Farewell Turbo Tax Tim Geithner - the end of an error

Thu, 01/10/2013 - 17:49 | 3142313 waterhorse
waterhorse's picture

Meet the new boss.  Same as the old boss - although Turbo Tax Keebler elf "foam the runways for the banksters" Timmy will be hard to top.

Fri, 01/11/2013 - 00:06 | 3143388 loveyajimbo
loveyajimbo's picture

Did you see this craven swine lie in the face of a congressional committee, saying that the Obunga budget would not add ANY additional debt!?!?!?  When Bad BO has had a string of $1 Trillion+ annual defecits??  LewJew is either a major crook or a low-level moron... I think if one wants to be dictator, this is just the type of clown you need... ditto Holder, Biden, etc, etc...  and it should not be JACK, it is JAKE... or Maurice... or Irving or Hymen... but not Jack.

Fri, 01/11/2013 - 00:09 | 3143397 helping_friendl...
helping_friendly_book's picture

Timmy, Hank Paulson and Jon Corzine are laughing it up at the casino in Monaco. The SCOTUS installed that ursurping lifeless turd in the WH and first 911 and then stealing 15 trillion from taxpayers to give to the banks. The perfect crime. I'll bet you Bernie Madoff is kicking himself saying "ovey! why did I confess???? What was I thinking????"

Fri, 01/11/2013 - 05:12 | 3143611 Mountainview
Mountainview's picture

After John Law now Jack Lew as new master of disaster...

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