When Jack Lew left Citi for a “high level government post” he was given a bonus. He was incentivized to find a roll in senior government. This practice is common among the big banks.
Tag Archives: Treasury Department
GM Begins Buying Back Shares From the Government at Almost 50% Under Break Even for Taxpayers
“Crony Capitalism to Its Core” Dodd-Frank Effectively Merges Financial Services and Government
According to Peter Wallison at AEI, writing in the Financial Post, Dodd-Frank has completely destroyed any separation of government and the financial services industry (not that they weren’t plenty cozy before Dodd-Frank).
