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Lew Being Met With Opposition

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    Former Treasury Department TARP advisor Susan Ochs on Treasury Secretary nominee Jack Lew.

  • Duration 2:49
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-- Treasury Secretary nominee Jack -- -- before congressional firing squad tomorrow about some of the senate.

Are vowing to stall his confirmation in a growing concerns in his past.

When normally you don't filibustered cabinet people would try not to do that has not done often and maybe.

Almost never in the senate but this is a big deal.

All right joining me now former Treasury Department advisor and senior fellow at the ethnicity Susan oxen and what do you make of senator sessions -- or do you think that this is gonna be the fight that he's promising.

We have to remember that any part of a confirmation hearing -- -- there's a piece of -- that's political theater.

And I would quit with senator sessions is saying a little bit in that camp he wants to show that they're not gonna get rolled on this that they're not push overs.

But at the end of the day all these issues -- they're raising that Jack -- have been raised before he's been confirmed twice already.

There's no smoking guns -- their issues are absolutely appropriate to raise and to probe.

But at the end of the day none of this is gonna disqualify him -- -- -- this is gonna be a confirmation of this is going to be a budget battle mean he was the climate for the administration during the 2011 budget crisis.

Obviously that's fodder for the G -- to bring up at the same time could they make it about.

Themselves an -- about Jack let absolutely and remember this is gonna be.

Not not twelve hours after the president delivers State of the Union Address so all the plans that he lays out in his state of the union.

Are now going to be sort of fair game for these senators and because so much of this they only get five minutes apiece to ask their questions and for Jacqueline answer them on as they go around a six -- gore on the panel.

So they're gonna wanna kind of get on the record saying this is how I felt about what he's at last night and try to extract some some commitments from Jack the potentially down the road you know -- -- and we talked a little about the last time here on the show was about his time at Citi got a billion dollar bonus exemption it's gonna come up.

But really aren't as million -- million.

Nine billion million dollar but I think -- going to be a singer really is that they're gonna really hammer him on his his bank he's -- -- Geithner have that.

It is cents do you think that Tim Geithner had a better and resonate fuel going into -- secretary.

The Jack -- because as we could bring had a big tax cut and it's a different times so I think you have to evaluate some demand in the time.

That the fascinating to me about Japanese city your experiences that -- he had a pretty administrative role it was really kind of a management he wasn't in investments.

He wasn't doing any kind of client advisory work.

And so on the one hand you have people were saying.

He's due to the bank are used to cook -- close to Wall Street and you keep on Internet conversing about -- the banker the exact -- not the Wall Street so.

You is generally you're getting hit from both sides are probably in about the right place I I'm not that worried about that -- Tim Geithner is experience that the banks will help -- -- the financial crisis and that we want an extra second -- that just -- it it's yeah thank you very much I would taken I would thank you very much that you're gonna.

Right.

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