Economy
Related: About this forumWarren Opposes a Treasury Nominee With Wall Street Ties.
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 acquisitions 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®ion=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
(45,108 posts)monmouth4
(9,708 posts)zipplewrath
(16,646 posts)Same reason he hired Geithner, and Rahm, and Gates, and Duncan and .......
djean111
(14,255 posts)"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
(14,681 posts)jillan
(39,451 posts)Helen Borg
(3,963 posts)Like the person he appointed to head the FCC.