Friday, April 05, 2013

Secretary of the Treasury

The Secretary of the Treasury is in charge of 180,000 employees. He can fire roughly 100, and there is another small pool that he can fire but the obstacles in the way of removing them make it problematic and useless. Even without a corrupt individual at the top, how hard is it to remove corruption within the hierarchy at UST if we can't fire anyone? Financial Crime Enforcement is a bureau under Treasury. Supervision of our national banks is a responsibility of the Treasury. Five of our last six Treasurers, Robert Rubin, Larry Summers, Hank Paulson, Tim Geithner and Jack Lew all have been major players or minions of the bankster cartel. The system must be replaced if they will not enforce the rule of law.

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