Tuesday, February 19, 2013

Jack Lew as Crony Student Loan Hustler

Treasury Secretary nominee Jack Lew has come under fire in the Senate for leading New York University at a time when it was accused of steering student loans to “preferred lenders,” including Citigroup, in exchange for “kickbacks,” reports NyPo.

NYU settled with the state attorney general in 2007 and paid a fine without admitting wrongdoing.

Lew left NYU to become an exec at Citigroup. He got nearly $1 million in compensation in 2008 around the time the bank got a taxpayer bailout.