Sorry, Wall Street, You're Stuck with Jack Lew

A number of Wall Streeters have been saying for awhile that Lew, who had been widely rumored to be Obama's top pick for the job, was a bad choice. Lew has very little experience on Wall Street, and none as a regulator. Some said appointing a person unknown to Wall Street would rattle markets.

That didn't happen, but that hasn't stopped the parade of misgivings of Wall Streeters about Lew.

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