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RiverLover

(7,830 posts)
Sun Nov 23, 2014, 09:43 PM Nov 2014

Sanders Joins Warren in Opposing Obama's Wall Street Nominee for Treasury

Sanders Joins Warren in Opposing Obama's Wall Street Nominee for Treasury

'The American people are disgusted with Wall Street bankers'

11/23/14

U.S. Sen. Bernie Sanders (I-Vt.) announced Sunday that he intends to join Sen. Elizabeth Warren (D-Ma.) in opposing the confirmation of Wall Street investment banker Antonio Weiss to be Undersecretary of Domestic Finance at the Treasury Department.

Last week President Obama nominated Weiss, head of global investment banking for the financial giant Lazard, to become the administration's new Under Secretary for Domestic Finance. Weiss has spent the last 20 years of his career at Lazard -- most of it advising on international mergers and acquisitions. Lazard helps clients avoid U.S. taxes by sheltering profits in other countries.

Sanders urged President Barack Obama to withdraw the nomination.

“The Wall Street crash of 2008, caused by the greed and illegal behavior of major financial institutions, created the worst recession in modern history. We need an economic team at the White House which will hold Wall Street accountable and fight for the needs of working families, not more Wall Street executives,” Sanders said. “The American people are disgusted with Wall Street bankers who find loopholes in the tax code to help profitable companies shelter profits in offshore tax havens in order to avoid paying their fair share of U.S. taxes. We need economists in government who have a history of helping to create jobs, not helping corporations avoid taxes."...

http://www.commondreams.org/news/2014/11/23/sanders-joins-warren-opposing-obamas-wall-street-nominee-treasury
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Sanders Joins Warren in Opposing Obama's Wall Street Nominee for Treasury (Original Post) RiverLover Nov 2014 OP
K & R !!! WillyT Nov 2014 #1
absolutely k & r! n/t wildbilln864 Nov 2014 #2
They must have the votes. joshcryer Nov 2014 #3
I guess the Democratic Party is going to be yeoman6987 Nov 2014 #4
Nah ...Obama will keep trying to make friends by signing all the repukes bills. L0oniX Nov 2014 #13
K and R bigwillq Nov 2014 #5
The Dream Team BrotherIvan Nov 2014 #6
+1 woo me with science Nov 2014 #8
K&R for democratic representatives rather than corporate sellouts. woo me with science Nov 2014 #7
We need hundreds like these two in Congress. Scuba Nov 2014 #9
Hear, hear. woo me with science Nov 2014 #10
I don't believe the President has a choice in this. The Ruling Oligarchs are making this rhett o rick Nov 2014 #11
^^^THIS^^^ ...Geithner, Paulson, Bernanke oligarch puppets. L0oniX Nov 2014 #12
I kind of woke up to it in 2008. rhett o rick Nov 2014 #14
I kinda thought about it back in the late 60's when I lived in Haight Ashbury... L0oniX Nov 2014 #17
Over stating zipplewrath Nov 2014 #18
Hmmm, none of our "pragmatic centrists" seem to LondonReign2 Nov 2014 #15
Well, I suppose that's my cue Recursion Nov 2014 #20
kick woo me with science Nov 2014 #16
More 11-dimensional bullsh!t foisted upon us by a slick used car salesman. blkmusclmachine Nov 2014 #19
K & R! lonestarnot Nov 2014 #21
 

yeoman6987

(14,449 posts)
4. I guess the Democratic Party is going to be
Mon Nov 24, 2014, 01:03 AM
Nov 2014

Obstructionists for the next two years.






Great job to both!

 

L0oniX

(31,493 posts)
13. Nah ...Obama will keep trying to make friends by signing all the repukes bills.
Mon Nov 24, 2014, 12:25 PM
Nov 2014
I would laugh but it'snot funny anymore.

woo me with science

(32,139 posts)
7. K&R for democratic representatives rather than corporate sellouts.
Mon Nov 24, 2014, 03:33 AM
Nov 2014

The Third Way does not like this, because it underscores what craven, corrupt, morally bankrupt empty suits they have been foisting on us.

Corporate corruption is out. The return of integrity is in.

Get used to it. Thank you, Bernie and Elizabeth!

 

rhett o rick

(55,981 posts)
11. I don't believe the President has a choice in this. The Ruling Oligarchs are making this
Mon Nov 24, 2014, 11:43 AM
Nov 2014

decision. I believe the President is better than this.

 

L0oniX

(31,493 posts)
12. ^^^THIS^^^ ...Geithner, Paulson, Bernanke oligarch puppets.
Mon Nov 24, 2014, 12:23 PM
Nov 2014

Me? I became convinced this is the reality around 2008 and suspected it way before that.

 

rhett o rick

(55,981 posts)
14. I kind of woke up to it in 2008.
Mon Nov 24, 2014, 01:09 PM
Nov 2014

This is real conspiracy stuff so expect the CT deniers to swoop in.
By the end of 2007 I was convinced that our rulers (at the time I thought it was at the Cheney level) were all set up to "temporarily extend" the Bush presidency because of some trumped up national emergency. But when I saw Bush and Cheney turn from belligerent, egotistical bullies into whimpering dogs that crawled out of DC with their tails between their legs, I decided there was a higher power pulling the strings. And it makes sense once you think about it. I imagine it goes back decades but at least we can understand how the CIA/NSA/FBI etc. could increase their powers during the Lost Bush Decade. They had a great excuse, the second "Cheney's Pearl Harbor", an unlimited budget, and zero Congressional oversight. So it's easy for me to deduce that there is likely a group of people that together pull the strings, at least at the macro level, of our government. And they would prefer Bush for president or McCain or even HRC, but they are not threatened by Obama.
I think it's a mistake to believe that when Obama walked into office that he wrested control of everything from those that had it. I bet the NSA/CIA Security State have a lot of secrets that they don't tell him about. If nothing else, they have the power to embarrass him badly. And they have an unlimited budget.
Having said all that, I still believe (or at least consciously fool myself) that we the people can change things. But that belief took a big hit when Sen Sanders came out an told what would be risked if they decide to run for president against the Oligarchy (my word). His statement forced me back into a reality that isn't good but probably necessary. Can we ask that much of him or others?

Sorry, just had to unload that.

 

L0oniX

(31,493 posts)
17. I kinda thought about it back in the late 60's when I lived in Haight Ashbury...
Mon Nov 24, 2014, 01:27 PM
Nov 2014

where everyone hated Reagan. People were hiding from the draft, burning drat cards, Berkeley was having riots, Black Panthers were on the streets with guns ...Sergeant Sunshine sat down and smoked a joint on the steps of SF city HOJ. I believed there was a large corruption of corporations making money from war back then. It's shameful that we hippies and protesters let these sociopaths continue and become entrenched in government and society.

One good cop ---> http://news.google.com/newspapers?nid=1964&dat=19680415&id=0OpfAAAAIBAJ&sjid=KrYFAAAAIBAJ&pg=2769,4299772




zipplewrath

(16,646 posts)
18. Over stating
Mon Nov 24, 2014, 01:35 PM
Nov 2014

Look, yes there are vested interests in DC that are entrenched and don't go away with each administration. Yes, many of them are in the alphabet soup departments (CIA/NSA). But they aren't "masters" dictating policy to their "puppets". They are guys that can close the George Washington Bridge and mess up your week. You pick a fight with the CIA and they can cause you all manner of problems. Even in the State Department there are upper level civil servants that can undermine you without ever showing their hands. As a President, or even as the head of a department, you have to decide if you are going to pick that fight, or are you going to "go along to get along". The reason that Cheney "stove piped" certain organizations within the intelligence agency was to give them oversized influence. And it worked for a while. But then their failings were exposed, Cheney over reached and exposed Plame, and the serious trouble started for him. Bush ended up sidelining him. Again, do you fight for Cheney or do you dump him and keep working with the huge swath of people that can screw with you on a daily basis in little ways?

The banking industry is no different. They can screw with you in multiple ways. It's a matter of how much they cooperate, what advance notice you get of trouble, and what deals are made, when, with whom, for what reasons. Big ones are self driven, but smaller yet more numerous ones can be diverted, delayed, or restructured to hurt you. So do you fight it or work with it.

Every politician, every leader, everyone that works the national stage will be exposed to this. What battles do I fight, and when do I cooperate to avoid the battle. The smarter people constantly look for opportunities to eliminate these folks. Let them screw up publicly and a department can become "the night of the long knives". In the process, certain behaviors can be tagged within that department as "toxic". Great way to change cultures.

People tried to warn Obama about this problem. Cheney had arranged for "leave behinds", people who were effectively political appointees but put into civil service jobs. Obama was told to figure out where they were and work to address it in some fashion, even if to just marginalize them. It was predictable that several departments would be filled with these folks and cause trouble. It's how you ended up with the largest oil spill ever in the Gulf. It's how "fast and furious" never got shut down when it should have. It's how we stayed in Iraq way too long, and are staying in Afghanistan too long as well. If you don't "clean house" when the opportunities present themselves, these people will end up "controlling" you and your administration. I'm fully convinced that Obama tried to make peace with the CIA by not prosecuting anyone for torture, only to have them decide that they could do anything, and have.

Recursion

(56,582 posts)
20. Well, I suppose that's my cue
Tue Nov 25, 2014, 02:32 AM
Nov 2014

I don't think he's a great nominee, so I don't see much need to go to bat for him, personally.

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