Former bank regulator William Black and Rolling Stone’s Matt Taibbi join
us to dissect the career of Jack Lew, President Obama’s pick to replace
Treasury Secretary Timothy Geither. Currently Obama’s chief of staff,
Lew was an executive at Citigroup from 2006 to 2008 at the time of the
financial crisis. He backed financial deregulation efforts while he
headed the Office of Management and Budget under President Bill Clinton.
During that time, Clinton enacted two key laws to deregulate Wall
Street: the Financial Services Modernization Act of 1999 and the
Commodity Futures Modernization Act of 2000. Black, a white-collar
criminologist and former senior financial regulator, is the author of
"The Best Way to Rob a Bank Is to Own One." A contributing editor for
Rolling Stone magazine, Taibbi is the author of "Griftopia: A Story of
Bankers, Politicians, and the Most Audacious Power Grab in American
History." [includes rush transcript]
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