Jack Lew - your new Treasury Sec. He doesn't believe financial deregulation helped cause the financial collapse!!!! (Updated)

Jack Lew was named chief operating officer of Citigroup's Alternative Investments unit, a proprietary trading group. The unit he oversaw invested in a hedge fund "that bet on the housing market to collapse." Source Wikipedia 

He didn't do a very good job.

Citi paid Lew $1.1 million for his year at Alternative Investments, according to an ethics disclosure report filed in January 2009. He was also eligible for an undisclosed bonus. Lew did not immediately return a call for comment.
His unit, though, lost as much as billions of dollars in 2008 as its bets turned sour. In the first quarter of 2008 alone the unit lost $509 million; the company stopped publicly disclosing the unit's individual numbers soon thereafter, but the part of the company that absorbed Alternative Investments lost $20.1 billion in 2008, according to the bank's filings with the Securities and Exchange Commission.
Citigroup, the nation's third-largest bank, received $45 billion in TARP bailout funds that year.

Source Business Insider
http://www.businessinsider.com/jack-lew-as-treasury-secretary-obama-who-is-2013-1

He is also a member of the Brookings Institute and the Council on Foreign Relations. Just great.

Update

Jack Lew doesn't believe that de-regulation led to the financial collapse!!!!!!!
http://www.huffingtonpost.com/2010/09/21/obama-nominee-jacob-lew-f_n_732594.html

The repeal of Glass-Steagal in 1999 and Clinton's return deal with the big banks to lend more to sub prime borrowers was the start of the real acceleration of the whole mess.
Clinton pressured for more sub prime lending early on in his Presidency.

Glass-Steagal needs to be put back to stop taxpayers being on the hook when the speculative big banks hit their next financial crisis in the near future.
The too big to jail banks need to be broken up.
There are no plans to so.
They are just pussy-footing around the big banks with meaningless legislation like Dodd-Frank for public consumption.

Obviously Jack Lew is not the man for the job. 
He will not do anything to even put a modicum of control on the big banks.

Update

Jack Lew blatantly outright LIED to Congress 
Jack Lew must never be Secretary of Treasury. 

His testimony before the Senate Budget Committee less than two years ago was so outrageous and false that it alone disqualifies him. 

“Lew, as the President’s budget director, appeared before Congress and continued to insist that President Obama’s budget—which Lew had crafted—would not add to the debt of the United States. His original statement, to a national television audience, was as follows:

‘Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we’re not adding to the debt anymore; we’re spending money that we have each year, and then we can work on bringing down our national debt.’ …

This at a time when the budget plans were for a $1.7tn deficit.

Even now spending under current proposals spending will rise by 50% to over $5tn by 2020. 

The National Debt is going to skyrocket.

This guy couldn't pass a 2nd grade arithmetic test.

His performance at Citi, managing other people's money proves it. 
He lost Citi billions.