Warren’s justifiable anger comes from the announcement by President Obama that his nominee for Under Secretary for Domestic Finance at the Treasury Department – a position that “oversees Dodd-Frank implementation and a wide range of banking and economic policy making issues, including consumer protection – is Antonio Weiss. Why does Weiss’s appointment bother her so much? Because he’s “the head of global investment banking for the financial giant Lazard. He has spent the last 20 years of his career at Lazard — most of it advising on international mergers and acquisitions.” “Neither his background nor his professional experience makes him qualified to oversee consumer protection and domestic regulatory functions at the Treasury,” wrote Warren.
Posted on: Sat, 22 Nov 2014 01:51:02 +0000
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