{"id":181059,"date":"2016-10-14T18:37:00","date_gmt":"2016-10-14T23:37:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/10\/14\/barack-obama-must-hate-elizabeth-warren\/"},"modified":"2016-10-14T18:37:00","modified_gmt":"2016-10-14T23:37:00","slug":"barack-obama-must-hate-elizabeth-warren","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/10\/14\/barack-obama-must-hate-elizabeth-warren\/","title":{"rendered":"Barack Obama Must Hate Elizabeth Warren"},"content":{"rendered":"<p>After a number of conflicts with SEC Chair Mary Jo White, <a href=\"https:\/\/www.washingtonpost.com\/news\/wonk\/wp\/2016\/10\/14\/elizabeth-warren-asks-president-obama-to-remove-the-head-of-the-sec\/\">Elizabeth Warren has called for Barack Obama to replace her as head of the SEC with another board member<\/a>.<\/p>\n<p>It&#8217;s unlikely to happen, because, after 7 years of coddling banksters and a revolving door that could power Rhode Island, it&#8217;s pretty clear that White is doing exactly what Barack Obama wants her to do:<\/p>\n<blockquote><p><span style=\"color: blue;\">A long-running feud between a leading critic of the finance industry in the Senate and the head of the Securities and Exchange Commission reached a new peak Friday, when Sen. Elizabeth Warren (D-Mass.) asked President Obama to replace SEC chair Mary Jo White.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">In a letter to Obama, Warren calls White the \u201cbiggest barrier\u201d to progress on a push to force corporations to disclose their political spending, and she says that White \u201chas refused to develop a political spending disclosure rule despite her clear authority to do so.\u201d<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u201cEnough is enough,\u201d Warren writes to Obama, adding: \u201cI respectfully urge you to exercise your unilateral authority under (federal law) to immediately designate another SEC commissioner as Chair of the agency.\u201d<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Later, she adds: \u201cWhile demoting an existing Chair and selecting another from among the agency&#8217;s current Commissioners would be an uncommon act, Chair White&#8217;s extraordinary, ongoing efforts to undermine the agency&#8217;s central mission make such a step necessary.\u201d<\/span><\/p><\/blockquote>\n<p>Before she became SEC Chairman, she worked at a law firm which represented the financial industry, and her husband continues to work for a similar law firm, and prior her appointment to the Securities and exchange commission, she had no regulatory experience.<\/p>\n<p>Obama knew all of this when he appointed her, which is why, in addition to his hiring of Timothy Geithner, Jacob Lew, Rahm Emanuel, William Daley, I think that Mary Jo White is doing what the President wants.<\/p>\n<p>Obama has never been interested in creating meaningful accountability or reform in Wall Street.<\/p>\n<p>After all, Presidential libraries don&#8217;t pay for themselves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a number of conflicts with SEC Chair Mary Jo White, Elizabeth Warren has called for Barack Obama to replace her as head of the SEC with another board member. It&#8217;s unlikely to happen, because, after 7 years of coddling banksters and a revolving door that could power Rhode Island, it&#8217;s pretty clear that White &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[761,777,799,814],"class_list":["post-181059","post","type-post","status-publish","format-standard","hentry","tag-corruption","tag-finance","tag-politics","tag-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181059"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=181059"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181059\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=181059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=181059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=181059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}