Jack Lew is Likely next Treasury Secretary if Obama wins Re-election

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Jack Lew is Likely next Treasury Secretary if Obama wins Re-election

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that White House Chief of Staff Jack Lew will “most likely” become Treasury Secretary if President Obama wins re-election. Gasparino reports further that if not Lew, former North Carolina Senator Erskine Bowles and BlackRock, Inc. (NYSE:BLK) CEO Larry Fink’s names are “bouncing around.”

Jack Lew is Likely next Treasury Secretary if Obama wins Re-election

On Wall Street insiders predicting that Jack Lew will be Treasury Secretary:

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“My survey of Wall Street executives who they think could be, is in the running for this job. They give Jack Lew just because he’s inside the White House. He’s the White House Chief of Staff right now – pretty high marks. They think that he’s the most likely guy to be Treasury Secretary at least that’s according to the people I talked too; major Wall Street CEO’s and executive suite players that I deal with.

 

On the possibility of Erskine Bowles or Larry Fink becoming Treasury Secretary:

“Who comes after him…the names that are bouncing around are Erskine Bowles former Senator from North Carolina, considered a moderate to conservative democrat. Was on the Presidents deficient reduction committee with Alan Simpson and he’s pretty good…The other guy that’s out there and his name is bouncing around, and he’s been bouncing around now for four years is Larry Fink CEO of BlackRock, Inc. (NYSE:BLK). I will say this, Larry Fink is a guy I know very well. I considered him a friend. The upside to Larry is clearly that there is no smarter guy on Wall Street that I know right now. He really understands the business. Hes been doing it since 1975 between trading and being an entrepreneur –  starting his own firm. I think Larry wants the job. The negative is that he is really associated with the Wall Street crowd.  That is something that I don’t think the Obama administration would go for.”

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