Lew’s Cayman Islands Fund a Likely Issue at Confirmation

As recently as 2010, Jack Lew, President Obama‘s nominee to be the next secretary of the Treasury, had $56,000 invested in a CitiGroup venture capital fund based in the Cayman Islands’ notorious Ugland House, a building whose mailboxes are home to nearly 19,000 corporate entities, many of them tax shelters.

New York Times

I guess it's OK for Democrats to have money in the Caymans, but not for any Republicans.

Refreshing, he actually disclosed how much money is invested in a Cayman Island fund, no problem there, let us know when he decides to run for President.

Just curious....would it make a difference if he were running for president?

archer wrote: Refreshing, he actually disclosed how much money is invested in a Cayman Island fund, no problem there, let us know when he decides to run for President.

Well since it's not illegal in the first place (running for president or not), what's the big deal anyway?

The Cayman Island investments only became an issue with Mitt because he didn't release his past tax returns as had numerous presidents before him, so the public would have no idea how much he had invested and where. I have no problem with him having oodles of money, only with the appearance that his investments are more important than other presidential candidates investments, and he didn't have to disclose anything he didn't want to. Which is true, but that attitude was also part of what brought him down.

archer wrote: The Cayman Island investments only became an issue with Mitt because he didn't release his past tax returns as had numerous presidents before him, so the public would have no idea how much he had invested and where. I have no problem with him having oodles of money, only with the appearance that his investments are more important than other presidential candidates investments, and he didn't have to disclose anything he didn't want to. Which is true, but that attitude was also part of what brought him down.

No they became an issue because Mitt was running as a Republican.

Grady wrote:

archer wrote: The Cayman Island investments only became an issue with Mitt because he didn't release his past tax returns as had numerous presidents before him, so the public would have no idea how much he had invested and where. I have no problem with him having oodles of money, only with the appearance that his investments are more important than other presidential candidates investments, and he didn't have to disclose anything he didn't want to. Which is true, but that attitude was also part of what brought him down.

No they became an issue because Mitt was running as a Republican.

True, and if he had any sense he could have nipped it in the bud by releasing his tax returns....if, of course, there was nothing to hide, but he didn't. Is that what makes him a Republican? His attitude that he is above the rest of us?

The Republicans are going to look pretty silly if they make this an issue with Lew when they squealed like stuck pigs when it was made an issue with Romney.

Tell me Grady.....is this an issue in a confirmation hearing because he is a Democratic appointee?

archer wrote: The Republicans are going to look pretty silly if they make this an issue with Lew when they squealed like stuck pigs when it was made an issue with Romney.

Tell me Grady.....is this an issue in a confirmation hearing because he is a Democratic appointee?

What's good for the goose is good for the gander.

Doesn't Hagel also have some money issues? Like where he is getting it from? Possibly Iran?