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OMB nominee got $900,000 after Citigroup bailout
The Washington Times ^ | July 28, 2010 | Jim McElhatton -

Posted on 07/29/2010 9:25:21 AM PDT by george76

Obama's choice to be the government's chief budget officer received a bonus of more than $900,000 from Citigroup Inc. last year -- after the Wall Street firm for which he worked received a massive taxpayer bailout.

The money was paid to Jacob Lew in January 2009, about two weeks before he joined the State Department as deputy secretary of state, according to a newly filed ethics form. The payout came on top of the already hefty $1.1 million Citigroup compensation package for 2008 that he reported last year.

Administration officials and members of Congress last year expressed outrage that executives at other bailed-out firms, such as American International Group Inc., awarded bonuses to top executives

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: citigroup

1 posted on 07/29/2010 9:25:23 AM PDT by george76
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To: george76

$2,000,000 for one year’s “work”:

Boy, you “little people” in “fly-over” country sure complain a lot.


2 posted on 07/29/2010 9:31:02 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: george76

Nothing to see here, move along.


3 posted on 07/29/2010 9:56:17 AM PDT by greatplains
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To: george76

So that’s why they needed to jack everyone’s interest rate to 30%. I fired them yesterday.


4 posted on 07/29/2010 10:13:27 AM PDT by doodad
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