Jacob Lew: Another Brick in the Wall Street on the Potomac (William K. Black)

[Octafish]

17. Responsibility, as in No Accountability.

What Robert Scheer wrote:

Really? That is a statement of such deliberate ignorance that one must marvel at Lew’s audacity in uttering it. He was one of the top economic officials in the Clinton administration when the president signed the Commodity Futures Modernization Act into law that declared all of those “derivative products” exempt from the reach of any existing government regulation or regulatory agency. It was aimed at silencing the warning of Brooksley Born, who, as head of the Commodity Futures Trading Commission, attempted to control the burgeoning market in the toxic assets that have carried such a huge human price in foreclosed homes and lost jobs.

SOURCE: http://www.truthdig.com/report/print/the_inconvenient_truth_about_jack_lew_20130111/

After helping gut Glass-Steagall, the guy got a job running the Citi division charged with derivatives -- ground zero for the taxpayer bailout. Seems to me like Lew was one of the architects of the largest transference of wealth in human history.