I know nothing about Jack Lew, who appears to be in line to be the next Treasury Secretary, but watch to see if the Republicans allow his nomination to go to the floor without a real fight. (There will be some token huffing and puffing because of the debt ceiling and because they are, after all, Republicans). If this happens, then he is Wall Street’s boy; another Timmy Geithner. It is little noted, and has not been long remembered, that Geithner breezed through, despite some tax problems that would have tanked a nominee that did not have Wall Street’s blessing, and in the end, the Republicans will dance to Wall Street’s tune on this nomination.
So, a few minutes after I wrote the above, I found this, which pretty much tells us all we need to know.
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