{"id":185447,"date":"2014-11-16T21:33:00","date_gmt":"2014-11-17T02:33:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2014\/11\/16\/more-of-this-16\/"},"modified":"2014-11-16T21:33:00","modified_gmt":"2014-11-17T02:33:00","slug":"more-of-this-16","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2014\/11\/16\/more-of-this-16\/","title":{"rendered":"More of This"},"content":{"rendered":"<p>Elizabeth Warren has announced that <a href=\"http:\/\/www.politico.com\/story\/2014\/11\/elizabeth-warren-antonio-weiss-treasury-undersecretary-112889.html\">she is opposing the nomination of Antonio Weiss as Treasury undersecretary<\/a>, because he is a creature of the corrupt Wall Street establishment who arranged a huge &#8220;inversion&#8221; deal to avoid US taxes:<\/p>\n<blockquote><p><span style=\"color: blue;\">Sen. Elizabeth Warren plans to oppose President Barack Obama\u2019s nomination of Antonio Weiss, a Wall Street investment banker, to be Treasury Undersecretary for Domestic Finance, another sharp-elbowed move by the progressive movement\u2019s most prominent leader.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Weiss, head of global investment banking at Lazard, is widely respected on Wall Street. But he advised on Burger King\u2019s acquisition of Canadian doughnut chain Tim Horton\u2019s, a so-called \u201ctax inversion deal.\u201d Defenders say the deals are commonplace across Wall Street and Weiss did not advise on the tax portion. Such arguments have not swayed the Massachusetts Democratic senator, a persistent Wall Street critic who appears headed to a leadership role in the next Congress.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">A Warren adviser told POLITICO: \u201cShe is a no on Antonio Weiss. She was a Treasury official herself, she cares a lot about who is in the domestic finance role. It oversees Dodd-Frank implementation and other core economic policy-making.\u201d<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The adviser added that Warren \u201cagrees with Senator Grassley that his past work with corporate inversions is a major issue, and she\u2019s had growing concerns with the Administration being loaded with so many appointees from Wall Street rather than more people who would bring different perspectives.\u201d<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The adviser also argued that Weiss\u2019 mergers and acquisitions background on Wall Street was not a good fit for the domestic finance post. \u201cShe also doesn\u2019t believe that his investment banking background \u2013 which focuses almost entirely on Europe and on international mergers and acquisitions \u2013 puts him in a good position to oversee domestic issues like consumer protection and US financial regulation,\u201d the adviser said.<\/span><\/p><\/blockquote>\n<p>The fact that Obama has nominated is a Wall Street type who is unsuited, and probably disinclined, to protect consumers from the banksters is not an unintentional oversight.<\/p>\n<p>Neither it is Obama practicing eleventy dimensional chess.<\/p>\n<p>If the past 6 years have shown anything, it is that Barack Obama and Eric &#8220;Place&#8221; Holder have put the wealth and impunity of the financial sector above all other policy concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elizabeth Warren has announced that she is opposing the nomination of Antonio Weiss as Treasury undersecretary, because he is a creature of the corrupt Wall Street establishment who arranged a huge &#8220;inversion&#8221; deal to avoid US taxes: Sen. Elizabeth Warren plans to oppose President Barack Obama\u2019s nomination of Antonio Weiss, a Wall Street investment banker, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1142,970,1004,985,979,1173],"tags":[],"class_list":["post-185447","post","type-post","status-publish","format-standard","hentry","category-barack-obama","category-corruption","category-finance","category-regulation","category-wanker","category-white-house"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185447"}],"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=185447"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185447\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}