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Oilwellian

(12,647 posts)
Sun Nov 11, 2012, 11:23 AM Nov 2012

Senator Elizabeth Warren May Not Be Appointed to the Banking Committee

Last edited Sun Nov 11, 2012, 01:34 PM - Edit history (1)

Imagine that, Democrats working against her. If she doesn't make the Committee, we will all know who is in control of the Senate.

It’s hard to fathom but there’s at least a fair chance that Elizabeth Warren may not get a seat on the Senate Banking Committee.

Warren’s resume makes her a perfect fit for the committee. Her tenure as chair of the Congressional TARP oversight panel gave her a clear view of the intersection of the financial sector and government. In that post she distinguished herself as an independent thinker and critic of both the Obama administration and of banking practices.

Yet we have Senator Jack Reed, a senior Democrat who sits on the Senate Banking Committee, telling Reuters that he won’t make a prediction about whether Warren will get on the committee. Other Senators won’t comment. Harry Reid is staying silent on the matter.

(snip)
Behind the scenes there are people working to keep her off the committee. A former Senate aide tells me that the banking committee staff does not like Warren and have begun to quietly campaign against her. Lobbyists are telling senior Democrats that Warren might be “more effective” on the Judiciary Committee, which does bankruptcy oversight.

The staff of the Banking Committee is extremely tight with lobbyists for the banks, many of whom are former members of that staff. The staffers and lobbyists socialize together, drink together, and sometimes even marry. They are elitists who think of themselves as a cut above other Capitol Hill aides. And they pretty much all want jobs at banks someday.


http://www.cnbc.com/id/49762821/Elizabeth_Warren_May_Not_Make_the_Banking_Committee
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Senator Elizabeth Warren May Not Be Appointed to the Banking Committee (Original Post) Oilwellian Nov 2012 OP
It wouldn't be the first time the Dems in the Senate DURHAM D Nov 2012 #1
Fat egos and pipelines to fat wallets. Jackpine Radical Nov 2012 #27
Big banking and Wall Street still own that institution. mmonk Nov 2012 #2
Then The President Must Use Some Of His Political Capital To Force The Issue..... global1 Nov 2012 #3
Wow, sometimes it is very difficult to defend against the "both parties suck" meme. nt Comrade_McKenzie Nov 2012 #4
+1 Scuba Nov 2012 #5
+ 1 n/t ejbr Nov 2012 #7
If Dems succeed in keeping Warren off the Banking Committee, they will also coalition_unwilling Nov 2012 #6
It defies common sense only if the rhetoric was true. Evergreen Emerald Nov 2012 #8
I totally agree Oilwellian Nov 2012 #10
OK Reed & any dems who get in the way need 0 support in 2014!! kooljerk666 Nov 2012 #9
American Woman and the men that support them, this is a call we have to take. juajen Nov 2012 #11
Important issues sure sink fast on DU Oilwellian Nov 2012 #12
Have you forgotten the last 12 years? Does the phrase "keeping our powder dry" Egalitarian Thug Nov 2012 #13
Sen. Durban in 2009 on the Senate.... Teamster Jeff Nov 2012 #14
Sometimes we forget the Dem leaders are only a notch better than the Repukes! dmosh42 Nov 2012 #15
Based on everything I've learned about this president... WhaTHellsgoingonhere Nov 2012 #16
fo' shizzle datasuspect Nov 2012 #31
This stinks. The W.H. should do what it can to fix this. nt Honeycombe8 Nov 2012 #17
Not the least bit surprised. Daniel537 Nov 2012 #18
Elizabeth Warren is the Peoples Senator. Harry Reid EmeraldCityGrl Nov 2012 #19
HUGE K & R !!! WillyT Nov 2012 #20
"They pretty much all want jobs at banks someday". Nye Bevan Nov 2012 #21
K&R (This is more important than betray-us' disappearing soon waste of time.) Amonester Nov 2012 #22
"Lobbyists are telling senior Democrats . . ." pa28 Nov 2012 #23
Jack Reed's office sez............. kooljerk666 Nov 2012 #24
banking committee bank connections: amborin Nov 2012 #25
Pelosi and Reid need to go. lalalu Nov 2012 #26
Their Wall Street benefactors have given them their cue cards. marmar Nov 2012 #28
Time to write to Harry Sekhmets Daughter Nov 2012 #29
+1 hrmjustin Nov 2012 #30
The election is over. Obama won and we picked up seats. Time now to Jackpine Radical Nov 2012 #32

DURHAM D

(32,610 posts)
1. It wouldn't be the first time the Dems in the Senate
Sun Nov 11, 2012, 11:29 AM
Nov 2012

allowed their big fat egos to override common sense.

m*therf**kers !

Jackpine Radical

(45,274 posts)
27. Fat egos and pipelines to fat wallets.
Wed Nov 14, 2012, 01:30 PM
Nov 2012

That committee is run by the Money Party, some of whom wear the D brand and others who ride for the R outfit.

 

coalition_unwilling

(14,180 posts)
6. If Dems succeed in keeping Warren off the Banking Committee, they will also
Sun Nov 11, 2012, 11:36 AM
Nov 2012

succeed in saying 'Good Bye' to me once and for all and I will not look back. Silly fuckers.

On edit: However, keeping her off the BC will give her more time to run for Prez in 2016 on a "Nationalize the TBTF Banks" platform.

Evergreen Emerald

(13,069 posts)
8. It defies common sense only if the rhetoric was true.
Sun Nov 11, 2012, 11:41 AM
Nov 2012

Are the dems fighting for the middle class? Remember that the President did not fight for her previously.

Call your elected officials. Call the President. It is time to force their actions to match their rhetoric.

Oilwellian

(12,647 posts)
10. I totally agree
Sun Nov 11, 2012, 11:46 AM
Nov 2012

We all better get busy and call Reid's office to demand she be placed on the Banking Committee. It's time to bust up the cozy nest egg the banking committee staff have created for themselves.

 

kooljerk666

(776 posts)
9. OK Reed & any dems who get in the way need 0 support in 2014!!
Sun Nov 11, 2012, 11:45 AM
Nov 2012

Flat out NO SUPPORT, zero, zilch, nada, NOTHING & Primary opponents too.

Senate Banking committee.
http://www.congress.org/congressorg/directory/committees.tt?commid=sbank

juajen

(8,515 posts)
11. American Woman and the men that support them, this is a call we have to take.
Sun Nov 11, 2012, 12:12 PM
Nov 2012

We have the power! Break down that damned wall! Write, call and make lots of noise. We are not through.

 

Egalitarian Thug

(12,448 posts)
13. Have you forgotten the last 12 years? Does the phrase "keeping our powder dry"
Sun Nov 11, 2012, 01:43 PM
Nov 2012

ring any bells for you? Harry Reid is the Senate Majority Leader because he won't upset anyone, Max Baucus still chairs the Senate Finance committee, and so on. This is why just having a 'D' after your name doesn't matter as much as we like to pretend.

Kos' mission is to elect more and better Democrats, it's better part we have yet to achieve.

Teamster Jeff

(1,598 posts)
14. Sen. Durban in 2009 on the Senate....
Sun Nov 11, 2012, 01:46 PM
Nov 2012

"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place."

It was true then and it's true today

 

WhaTHellsgoingonhere

(5,252 posts)
16. Based on everything I've learned about this president...
Sun Nov 11, 2012, 01:55 PM
Nov 2012

I don't believe he'll spend one iota of his political capital on this. He's banker friendly.

 

Daniel537

(1,560 posts)
18. Not the least bit surprised.
Sun Nov 11, 2012, 02:00 PM
Nov 2012

This from the same leadership that tossed out the public option on day one to protect the interests of the insurance companies, now they want to protect the banks. Gee, what a shocker.

EmeraldCityGrl

(4,310 posts)
19. Elizabeth Warren is the Peoples Senator. Harry Reid
Sun Nov 11, 2012, 02:00 PM
Nov 2012

better understand that pronto. Just like Reid to undermine an opportunity for some real change
in the Banking industry. I can't stand him.

Nye Bevan

(25,406 posts)
21. "They pretty much all want jobs at banks someday".
Sun Nov 11, 2012, 02:06 PM
Nov 2012

That pretty much tells us everything we need to know about Governmental oversight of this industry.

Amonester

(11,541 posts)
22. K&R (This is more important than betray-us' disappearing soon waste of time.)
Sun Nov 11, 2012, 02:08 PM
Nov 2012

Call, Write, on Day 1, Day 2, Day 3, and so on.

pa28

(6,145 posts)
23. "Lobbyists are telling senior Democrats . . ."
Sun Nov 11, 2012, 02:39 PM
Nov 2012

Lobbyists are telling senior Democrats. Let that sink in.

 

kooljerk666

(776 posts)
24. Jack Reed's office sez.............
Wed Nov 14, 2012, 01:07 PM
Nov 2012

Eliz. Warren would be a good fit on banking.

I spoke with Tim Johnson d- SD chairman & Harry Reed's office & told them "screw us around & 2014 will be like 2010".


Then I pointed out in OH, PA & CT GOPs (senate) with $100,000,000 between them lost & money does not matter anymore, we have our own sources of info & brainwashing is dead.

At any rate if the lobbyists do not like Warren, then get another job.

Tim Johnson the chairman has an election in 2014.

 

lalalu

(1,663 posts)
26. Pelosi and Reid need to go.
Wed Nov 14, 2012, 01:27 PM
Nov 2012

We need new democratic blood in congress. Some of these longtime democrats are almost as bad as republicans. Schumer will personally block any changes to the financial industry.

Here it comes

Jackpine Radical

(45,274 posts)
32. The election is over. Obama won and we picked up seats. Time now to
Wed Nov 14, 2012, 01:42 PM
Nov 2012

remove the gag & blinders that many of us assumed a year or so ago in order not to harm the President's re-election chances by scrutinizing the failings of the administration or trumpeting them to the world.



and get back to our noble Progressive task of monitoring the Democrats and keeping up the leftward pressure.

For starters, no "bargains" on Social Security, and none that hurt Medicare recipients. I got no problem with increased efficiency through bargaining on drug prices or provider price controls, but nothing that harms the recipients.



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