The only thing that surpises me, about the fact Obama first chose a tax cheat, Tim Geithner, to be Treasury Secretary and now that he is on his way out, Obama nominates a man to replace him who has offshore investments —which Obama is very much critical of— is that anyone is surprised. It has been well documented, time and time again, that Barack Obama is an enourmous hypocrite who almost always picks the worst person for the job. Chuck Hagel, John Kerry, Tax Cheat Tim Geithner, and Jack Lew, just to name a few.
Jack Lew, President Barack Obama’s Treasury Secretary nominee, previously held up to $100,000 in investments in an offshore hedge fund located in the Cayman Islands, according to financial disclosure forms. Lew’s financial disclosure forms, filed in 2009 and 2011, showed that Lew had invested between $50,000 and $100,000 in a fund called Citigroup Venture Capital International Growth Partnership (Employee) II, L.P. — the very type of fund President Obama has repeatedly criticized.
The fund is an international venture capital fund for employees of Citigroup. According to his official White House biography, Lew served as managing director and chief operating officer of Citi Global Wealth Management and then Citi Alternative Investments (CAI) from 2006 to 2008. Lew himself isn’t commenting, but a person familiar with Lew’s investment told NBC News that Lew invested a total of $56,000 and sold it at a loss for $54,418 in November 2010 after being confirmed as director of the federal Office of Management and Budget.