Obama to nominate Jacob Lew as Treasury Secretary
http://www.businessinsider.com/jack-lew-treasury-secretary-nomination-obama-tim-geithner-debt-ceiling-2013-1
In June 2006, Lew was named chief operating officer of Citigroup's Alternative Investments unit, a proprietary trading group. The unit he oversaw invested in a hedge fund "that bet on the housing market to collapse
http://en.wikipedia.org/wiki/Jacob_Lew