The Citigroup

Is Jack Lew Too Much of an Insider?
January 10, 2012

Just wanted to follow-up on yesterday’s Jack Lew post to clarify the point I was making: One common reaction to the Lew announcement, voiced by liberals like Salon’s Glenn Greenwald, is to groan that Obama has just replaced one former banker (Bill Daley) with another, as Lew spent two years at Citigroup before joining the administration in late 2008.  My feeling about this is twofold: First, liberals aren’t wrong to groan.

Citigroup's Pandit: Making $100 Million Ain't Right
September 18, 2009

The Citigroup CEO apparently made the comment in response to a question at a 92nd Street Y event last night. The question was about his star commodities trader, Andrew Hall. Interestingly, the Journal piece adds this detail: "The response elicited murmurs from the audience, which included Citigroup employees." One wonders if those were murmurs of agreement or disagreement...