Is Jack Lew ( New Treasury Sec. nominee) “betting against America"?

[Trajan]

I am betting no, it won't come back to bite him.

Is there any evidence that anything Chuck Hagel or any Democratic operative or office holder does is ever trumpeted with equal gusto? Has any of his anti Semitic , homophobic and anti abortion statements bit him?

I haven't seen it, not in the media, in fact right here at USMB, folks that trashed Gop congressman, senators, Romney for real ( or imagined) statements on those same topics were vilified.

Hagel? Hes a 'combat vet'

So, I am betting the media just slides right by this and Lew gets a pass, low information voters are, well, low information voters for a reason



Hell our own USMB "wall st. financial center" whiz kid member right here didn't even know Lew ran Citi-banks (CAI) unit, the Alternative Investments unit, you know one of those Hedge Funds that shorted the housing market, making $$ on the meltdown...




Obama's Cayman Island Attacks Come Back To Bite Him


After spending 2012 hammering Romney for his investments in the Caymans, Obama has a Treasury Secretary nominee that's now on defense for the same problem. Is Jack Lew “betting against America”?
posted on February 11, 2013 at 10:43am EST

President Barack Obama's reelection campaign famously trolled Mitt Romney for having bank accounts in the Cayman Islands throughout 2012, with campaign spokesman Ben LaBolt calling it proof that the Republican "bets against America."

It's a line that was echoed during the election by Governor Martin O'Malley, the Democratic National Committee, and several web ads on Obama's own YouTube channel, which featured at least 20 videos mentioning Romney's Cayman accounts. A search for Cayman Islands on the Obama campaign's website brings back more than 1,200 results.


Obama's Cayman Island Attacks Come Back To Bite Him

 

[Truthmatters]

was he a corporate raider too

 

[Mad Scientist]

was he a corporate raider too

Obama - Cayman Account
Romney - Cayman Account
Lew - Cayman Account?

Apparently that's where all the Criminals stash their "ill gotten gains".

Jack Lew said there's no Banking Regulation problem either, which is of course why Obama nominated him.

Wake up Liberals. You've been shafted too!

 

[Trajan]

was he a corporate raider too

No that I know of, but warren Buffett is......


Snip-

Mr. Buffett has invested in many famous consumer brands over the years, but what is fascinating here is the role of 3G Capital, which has a reputation for cost-cutting and layoffs that would make Bain Capital blush.

In October 2010, for example, 3G Capital bought Burger King BKW +3.05% for about $4 billion including debt from a group that included Bain, Goldman Sachs GS +2.36% and TPG. The company proceeded to fire the CEO and cut the fast-food chain's employees by thousands in little more than a year. The Wall Street Journal reports that 413 people were sacked on a single day in December 2010.


However, profits began to rise, the company is now adding new restaurants, and 3G Capital was able to take Burger King public again last June after only 20 months of private ownership.

To believers in free markets, this sounds like a classic private-equity turnaround in which better management improves the value of a business. But Burger King and 3G Capital have also been targets of liberal media critics who view private-equity firms as rapacious capitalists. Imagine how 3G Capital's cost-cutting at Burger King would look if compiled by an Obama Super Pac into a black-and-white TV ad featuring interviews with workers who lost their jobs.


But the takeover will also be financed with significant new borrowing, which the Wall Street Journal reports will double Heinz's debt load to more than $12 billion. Fitch Ratings downgraded Heinz's debt to BB+, or junk bond territory, citing the heavier debt load. Heinz will also have to pay Berkshire a 9% rate on its investment in preferred shares, or about $720 million a year. The new owners had better hope interest rates stay low and the economy keeps growing.

More at-
Review & Outlook: Warren Romney - WSJ.com