Banking Industry Moves to Block Warren

[babylonsister]

http://politicalwire.com/archives/2012/11/21/banking_industry_moves_to_block_warren.html



November 21, 2012

Banking Industry Moves to Block Warren

Aides to two senators on the Senate Banking Committee tell Mother Jones the financial services industry has already moved to block Sen.-elect Elizabeth Warren from joining the committee, which is charged with drafting legislation regulating much of the financial industry.

Article here:
http://www.motherjones.com/politics/2012/11/elizabeth-warren-senate-banking-committee?

[malaise]

1. Who elected them?

[HiPointDem]

2. anyone the banking industry moves to block is ok by me. i had some reservations

about warren but this moves her stock up a notch in my book.

[demwing]

5. just curious about your reservations

What did this move by the banks tell you about Warren that you didn't already know? What were your previous concerns?

[Skidmore]

6. Really? What more outspoken person

has there been on the behalf of the consumer and the worker in regard to the banking and finance industries has there been than Liz Warren?

[sheshe2]

7. Well if the Senate GOP blocked her Confirmation

http://www.bloomberg.com/news/2012-11-08/elizabeth-warren-ii-she-s-baaaaaack-as-a-u-s-senator.html

....To head the consumer protection agency....and when appearing before a congressional committee. She was called a liar by GOP! That alone should seal the deal for you!

Elizabeth Warren is going to Rock and Roll!

[FogerRox]

20. Her video on GLass Steagall sealed the deal for me.

Her comment ....there was a Depression every 20 years before Glass Steagall.... was icing on the cake.

[mucifer]

3. Ezra Klein on Rachel's show said his sources in congress are telling him

she is going to get to be on the banking committee.:

http://www.msnbc.msn.com/id/26315908/ns/msnbc_tv-rachel_maddow_show/#49894636

[FogerRox]

21. Nice clip, thanks.

[Le Taz Hot]

4. Is it time to start lobbying the members

of the Senate Banking Committee?

Democrat
Tim Johnson Chairman (D-SD)
Jack Reed (D-RI)
Charles E. Schumer (D-NY)
Robert Menendez (D-NJ)
Daniel K. Akaka (D-HI)
Sherrod Brown (D-OH)
Jon Tester (D-MT)
Herb Kohl (D-WI)
Mark R. Warner (D-VA)
Jeff Merkley (D-OR)
Michael F. Bennet (D-CO)
Kay Hagan (D-NC)

Republican
Richard C. Shelby Ranking Member (R-AL)
Mike Crapo (R-ID)
Bob Corker (R-TN)
Jim DeMint (R-SC)
David Vitter (R-LA)
Mike Johanns (R-NE)
Patrick J. Toomey (R-PA)
Mark Kirk (R-IL)
Jerry Moran (R-KS)
Roger F. Wicker (R-MS)

[davidpdx]

16. Of the Democrats on that committee

Akaka and Kohl are retiring so they are pretty much already gone.

Merkley holds the similar views as Warren and strongly backed her candidacy.

[madokie]

8. Can't be having a smart woman on there now can they

Sen Warren knows their business probably as good as they do and thats what scares the shit out of them. All the reason that she should be on that commission

[sheshe2]

11. From My Post....An email from Warren!

http://www.democraticunderground.com/10021841261

[lunatica]

9. No surprise there

I do believe she's coming in swinging on day one. I look forward to her constant and continued appearances in the media as a spokesperson for her work. I fervently hope she's not going to fade into the background, even for a little white.

[KharmaTrain]

10. Sucks When You Bet On The Wrong Horse...

Maybe they should have thought about the "monster" they were creating when the banksters ran roughshod over Democrats...especially this President...in the past campaign. They did what they could to defeat Prof....now Senator-elect Warren...and they didn't. Sucks to be them!!

Here's the deal...Senator-elect Warren's special area of expertise is economics. Damn right she belongs on the Banking committee. Elections have consequences!

[ProSense]

14. Krugman: Wall Street’s Bad Investment Decision

Wall Street’s Bad Investment Decision

There are many lists now circulating of the biggest winners and losers from the election; oddly, however, none of the lists I’ve seen mentions just how bad this result is for Wall Street’s Masters of the Universe.

The story, as you may recall, is that the financial industry — having brought both itself and the rest of the world to the edge of disaster — was bailed out by taxpayers. Yet far from being grateful, top financial types were furious at Obama for occasionally hinting that some of them might have misbehaved a bit. And investment bankers — who normally lean Democratic — went overwhelmingly to the other side, pouring cash into Mitt Romney’s coffers in the no doubt correct expectation that a Romney administration would dismantle financial reform and treat their wealth with the adulation they believe to be their birthright.

But Romney lost and Obama won. The limits of their power have been cruelly exposed, and the reelected president now owes them nothing. Did I mention that Elizabeth Warren is going to the Senate — a Senate that will be substantially more progressive and less Wall Street friendly than before?

Bad move, guys.

http://krugman.blogs.nytimes.com/2012/11/07/wall-streets-bad-investment-decision/

Suck it, losers!

[Dustlawyer]

12. This is what the voters (us) sent her there to do. Not putting her on the Banking Committee

And sticking her somewhere else is like having a doctor deliver the mail. Those Bankers are about as nervous as a long tailed cat in a rocking chair factory! Go kick their ass Elizebeth! They need to understand that doing the wrong thing will result in more that a fine that is less than what they made in the crime. There is a new sheriff in town ready to knock some heads and split some wigs!

[ProSense]

13. Fuck 'em

What leverage do they have?

This is not a position that requires confirmation.

The committee assignments are made by the Democratic leadership.

[Jasana]

15. I signed the petition to Harry Reid to get her on the Senate Banking Committee

Oh that would be poetic justice. This is what I wrote in the comments section of the petition:

"She's my Senator and she speaks for me.
Massachusetts Democrats worked their tails off to get her elected and many people from outside the state donated money to her campaign. In that respect, she truly is the People's Senator. (Personally, I see her as our middle finger to Wall Street.) Put her where she belongs... on the Banking Committee."

[davidpdx]

17. Rachel Maddow was discussing this and said it's pretty much up to Reid

I can't see why he would not put her there since a) that is her expertise and b) there are two openings.

[dreamnightwind]

18. We welcome their hatred

FDR, in case anyone reading this has forgotten.

[woo me with science]

19. The banking industry and its purchased politicians, that is.

The "banking industry" can't do a damned thing without help from its toadies.

[Panasonic]

22. Well, the lobbyists need to be BANNED from all political activities.

They need to be kicked out on the street. They cannot lobby within 500 feet of ANY senator or representative.