Lew: `I Lost Money' on Cayman Fund, Paid Taxes Owed

Feb. 13 (Bloomberg) -- Jack Lew, President Barack Obama's nominee for U.S. Treasury secretary, said he lost money on an investment in the Cayman Islands and paid taxes owed. Lew, testifying before the Senate Finance Committee, said he wasn't aware of the fund's location when he invested. (This is an excerpt. Source: Bloomberg)
Equity Valuations Lofty, Earnings Lousy: Morganlander
04:23 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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