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Daley stepping down as chief of staff
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<blockquote data-quote="Babagounj" data-source="post: 924849" data-attributes="member: 12952"><p>From 2006-2008, Jack Lew was chief operating officer of Citibank’s alternative investments division. And it was his division that made billions of dollars betting “U.S. homeowners would not be able to make their mortgage payments,” as the <a href="http://www.huffingtonpost.com/2010/09/21/obama-nominee-jacob-lew-f_n_732594.html" target="_blank">Huffington Post</a> reported.</p><p> The piece also reported: “Lew made millions at Citi, including a bonus of nearly $950,000 in 2009 just a few months after the bank received billions of dollars in a taxpayer rescue, according to disclosure forms filed with the federal government. The bank is still partly owned by taxpayers.”</p></blockquote><p></p>
[QUOTE="Babagounj, post: 924849, member: 12952"] From 2006-2008, Jack Lew was chief operating officer of Citibank’s alternative investments division. And it was his division that made billions of dollars betting “U.S. homeowners would not be able to make their mortgage payments,” as the [URL="http://www.huffingtonpost.com/2010/09/21/obama-nominee-jacob-lew-f_n_732594.html"]Huffington Post[/URL] reported. The piece also reported: “Lew made millions at Citi, including a bonus of nearly $950,000 in 2009 just a few months after the bank received billions of dollars in a taxpayer rescue, according to disclosure forms filed with the federal government. The bank is still partly owned by taxpayers.” [/QUOTE]
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