Warren Opposes a Treasury Nominee With Wall Street Ties.

[elleng]

Less than 24 hours after ascending to a leadership post in the Senate Democratic caucus, Senator Elizabeth Warren of Massachusetts is flexing her populist, anti-Wall Street muscle and opposing a high-profile Obama administration nominee.

A Warren spokeswoman on Friday confirmed that the senator would not vote to confirm Antonio Weiss, a Wall Street investment banker who was nominated this week to be Treasury under secretary for domestic finance. The nomination immediately raised eyebrows, since it came just weeks after the Treasury issued new rules to try to stem the tide of so-called inversions, in which American companies acquire firms abroad, then re-incorporate in the acquisition’s country to escape United States taxes.

Mr. Weiss, the head of global investment banking at Lazard, advised Burger King on its inversion acquisition of Tim Hortons, the Canadian doughnut and coffee chain.

http://www.nytimes.com/politics/first-draft/2014/11/14/?module=WatchingPortal&region=c-column-middle-span-region&pgType=Homepage&action=click&mediaId=thumb_square&state=standard&contentPlacement=2&version=internal&contentCollection=www.nytimes.com&contentId=http%3A%2F%2Fwww.nytimes.com%2Fpolitics%2Ffirst-draft%2F2014%2F11%2F14%2F%3Fentry%3D5716%26_php%3Dtrue%26_type%3Dblogs&entry=5716&_php=true&_type=blogs&_r=0

[Autumn]

1. Would you please cross post this in the Elizabeth Warren Group?

http://www.democraticunderground.com/?com=forum&id=1265


Rec

[elleng]

2. OK

[Autumn]

3. Thank you

I'm so happy she is doing this. looking out for the people instead of wall street.

[monmouth4]

4. Why would Obama nominate this person in the first place???...n/t

[zipplewrath]

7. Because he likes the way he thinks?

Same reason he hired Geithner, and Rahm, and Gates, and Duncan and .......

[djean111]

5. The utter tone-deafness is astounding -

"Mr. Weiss, the head of global investment banking at Lazard, advised Burger King on its inversion acquisition of Tim Hortons, the Canadian doughnut and coffee chain. "

[Faux pas]

6. Kickin'

[jillan]

8. I love her. That is all. :)

[Helen Borg]

9. Obama likes Trojan horses...

Like the person he appointed to head the FCC.