Does Obama's Treasury Nom Understand Deregulation?
January 11, 2013
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7:16Now PlayingDoes Obama's Treasury Nom Understand Deregulation?
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as posted by the channel"Jack Lew, likely the next Treasury secretary, may be a lot of things: budget maven, cool negotiator, native New Yorker, weird handwriter. But he is not a financial regulator.
That suggests financial reform will not be nearly as much of a priority in President Obama's second term as the federal budget, Lew's specialty. And that disappoints those who fear the impulse to safeguard Main Street from Wall Street is waning as the financial crisis fades from memory."*
Jack Lew has officially been nominated to replace Tim Geithner as the next Treasury Secretary. But will we be worse off? Lew, a former bank insider, has said he doesn't think deregulation was the cause for the collapse of the big banks. Michael Shure (Political Correspondent, TYT on Current) and Jimmy Dore (The Jimmy Dore Show, TYT Comedy) discuss Lew's prospects.
*Read more from Mark Gonglof/ Huffington Post:
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