Jack Lew, the new U.S. Treasury Secretary, follows in the footsteps of other Wall Street insiders to hold that position. His Cayman accounts and “golden parachutes” also may make it hard for him to put himself in the shoes of average Americans, as Michael Winship notes.
America’s banks remain under fire, including a public resignation by a Goldman Sachs executive disgusted by the firm’s abuse of its clients. New protests also include calls by some Christian churches for the banks to repent for their roles in the nation’s foreclosure crisis, Michael Winship reports.
The Wall Street banks may have crawled back from the cliff of 2008 – and may have trimmed their bonuses a bit as they adjust to a more austere America – but they still get to place ex-employees in key government jobs, close to the ear of power, as Bill Moyers and Michael Winship note.