Recently, these two sides have been battling over whether President Obama, who is a member of the neoliberal contingent, should withdraw his nomination of Antonio Weiss to be the next undersecretary for domestic finance at the Treasury Department (which is the bureaucracy’s third-most-powerful slot). Weiss is currently an employee of the financial powerhouse Lazard, where he specializes in mergers and acquisitions, and from whom he’s set to receive a $20 million bonus if he takes the government job. Warren has argued that Weiss has no experience with the issues pertinent to the Treasury position in question, and that his selection is yet another spin of the revolving door. Being the fly in the White House’s ointment on this issue has predictably earned Warren some criticism from elites; but as Dayen shows in his report, the senator seems inclined to escalate the conflict rather than back down. via Darrell Carrington December 13 at 8:22am · James Touris to your point
Posted on: Mon, 15 Dec 2014 10:33:15 +0000
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