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    Taking A Stand!!!

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    Default Why Senate Dems Led by Liz Warren Are In Revolt Against Obama's Wall Street Nominee

    I have really come to question Obama on his financial views. His is a weak democrat IMO. I didn't use to feel this way and I still say a lot of the problem was Congress but Obama has passed up several chances to help the middle class.

    December 31, 2014


    The behavior of the Obama admin when it comes to financial reform has been one of his biggest weak points. The latest unfortunate act is his nomination of Antonio Weiss, a former mergers and acquisition banker for Lazard Bank, for undersecretary of domestic finance at the Treasury. Weiss immediately drew fire from progressives pointing to his role in crafting tax inversions that helped corporations save money by parking funds overseas.

    There was a time when Weiss's nomination would be uncontroversial – bankers have dominated Treasury and economic posts in the government for a generation. But with the arrival of Sen. Elizabeth Warren (D-MA), a chief critic of Wall Street's domination of the government, there is a revolt brewing against Weiss that threatens to derail his path to the Treasury.
    Why Senate Dems Led by Liz Warren Are In Revolt Against Obama's Wall Street Nominee | Alternet
    Last edited by ABFwife; 01-02-2015 at 11:33 AM.

 

 

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