Wednesday, November 19, 2014

Senator Warren has had enough of Obama's Wall Street nominations

Warren reams the White House over its latest nomination of "Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department." This position oversees Dodd-Frank implementation as well as consumer protection. Which seems contraindicated with Weiss, whose resume includes promoting corporate inversions for global investment banking. I.e., he advises American companies to relocate its corporate HQ outside US borders in order to avert paying taxes here while continuing to profit on selling its products here, as well as our infrastructure and legal loopholes.

Her bottom line point is that the likes of Weiss serve corporate masters, not the people. And she lists the long and winding list of Wall Street appointees to key financial positions in a revolving door that benefits only their benefactors at the expense of the hardworking taxpayer. She's right that it's time to appoint other highly qualified candidates that will enact policy that promotes the well-being of everyone, not just the 1%. Obama's picks continue to reflect his true agenda that belie his anti-corporate rhetoric. Actions speak louder than words and we need someone like Warren in the White House come 2016, since her actions match her words when it comes to this sort of thing.

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