Changes

Clinton hired [[Peter Orszag]] as Special Assistant to the President for Economic Policy in 1997; as concern grew over Raines management of Fannie Mae, Raines hired Orszag to reassure investors over the safety of Fannie Mae's securitization of subprime mortgages. Orszag made the fantastic claim Fannie Mae's risk of insolvency was 1 in 500,000, and more likely 1 in 3 million. Barack Obama later promoted Orzsag to Director of OMB.

Clinton hired [[Peter Orszag]] as Special Assistant to the President for Economic Policy in 1997; as concern grew over Raines management of Fannie Mae, Raines hired Orszag to reassure investors over the safety of Fannie Mae's securitization of subprime mortgages. Orszag made the fantastic claim Fannie Mae's risk of insolvency was 1 in 500,000, and more likely 1 in 3 million. Barack Obama later promoted Orzsag to Director of OMB.

When Raines took the appointment at Fannie Mae, Clinton replaced his services at OMB with [[Jack Lew]], who worked in the Clinton White House throughout eight years.

When Raines took the appointment at Fannie Mae, Clinton replaced his services at OMB with [[Jack Lew]], who worked in the Clinton White House throughout eight years. After leaving the administration, Lew secured a job at Citibank as Chief Operations Officer on Robert Rubins recommendation. Lew received $1 million in salary and a $950,000 bonus in 2009 from Citibank - after it was bailed out.<ref>[http://www.huffingtonpost.com/2013/01/11/jack-lew-rubin-citigroup_n_2458142.html Jack Lew's Robert Rubin Connection Is A Bad Sign For Financial Reform,] Mark Gongloff, ''Huffington Post'', 01/11/2013. </ref> From there Barack Obama re-hired him as OMB Director, and later Chief of Staff, and then Secretary of the Treasury.<ref>Lew was point man on Obama's [[budget sequester]] where he misled the press and public on the origins and nature of the deal.</ref>

===Kyoto Protocols and carbon emissions===

===Kyoto Protocols and carbon emissions===