Posted 2 years ago on Jan. 10, 2012, 4:08 p.m. EST by wyattbuchanan
This content is user submitted and not an official statement
As chief operating officer of Citigroup Alternative Investments, he helped run the company's proprietary trading business. Among the unit's job-creating strategies, one was to bet against the housing market, which other parts of the banking giant had helped inflate. The Citi division ultimately lost billions. As for Lew, he naturally made big bucks during his three-year stint at Citi, including a roughly $950,000 bonus in 2009 -- after the company's federal bailout.
Obma is not about change. He's about the status quo.