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Sun Nov 11, 2012, 10:23 AM

Senator Elizabeth Warren May Not Be Appointed to the Banking Committee

Last edited Sun Nov 11, 2012, 12:34 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

32 replies, 2856 views

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Arrow 32 replies Author Time Post
Reply Senator Elizabeth Warren May Not Be Appointed to the Banking Committee (Original post)
Oilwellian Nov 2012 OP
DURHAM D Nov 2012 #1
Jackpine Radical Nov 2012 #27
mmonk Nov 2012 #2
global1 Nov 2012 #3
Comrade_McKenzie Nov 2012 #4
Scuba Nov 2012 #5
ejbr Nov 2012 #7
coalition_unwilling Nov 2012 #6
Evergreen Emerald Nov 2012 #8
Oilwellian Nov 2012 #10
kooljerk666 Nov 2012 #9
juajen Nov 2012 #11
Oilwellian Nov 2012 #12
Egalitarian Thug Nov 2012 #13
Teamster Jeff Nov 2012 #14
dmosh42 Nov 2012 #15
WhaTHellsgoingonhere Nov 2012 #16
datasuspect Nov 2012 #31
Honeycombe8 Nov 2012 #17
Daniel537 Nov 2012 #18
EmeraldCityGrl Nov 2012 #19
WillyT Nov 2012 #20
Nye Bevan Nov 2012 #21
Amonester Nov 2012 #22
pa28 Nov 2012 #23
kooljerk666 Nov 2012 #24
amborin Nov 2012 #25
lalalu Nov 2012 #26
marmar Nov 2012 #28
Sekhmets Daughter Nov 2012 #29
hrmjustin Nov 2012 #30
Jackpine Radical Nov 2012 #32

Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:29 AM

1. It wouldn't be the first time the Dems in the Senate

allowed their big fat egos to override common sense.

m*therf**kers !

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Response to DURHAM D (Reply #1)

Wed Nov 14, 2012, 12:30 PM

27. Fat egos and pipelines to fat wallets.

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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:31 AM

2. Big banking and Wall Street still own that institution.

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:32 AM

3. Then The President Must Use Some Of His Political Capital To Force The Issue.....

with the Dems.

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:32 AM

4. Wow, sometimes it is very difficult to defend against the "both parties suck" meme. nt

 

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Response to Comrade_McKenzie (Reply #4)

Sun Nov 11, 2012, 10:35 AM

5. +1

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Response to Comrade_McKenzie (Reply #4)

Sun Nov 11, 2012, 10:37 AM

7. + 1 n/t

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:36 AM

6. If Dems succeed in keeping Warren off the Banking Committee, they will also

 

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.

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:41 AM

8. It defies common sense only if the rhetoric was true.

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.

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Response to Evergreen Emerald (Reply #8)

Sun Nov 11, 2012, 10:46 AM

10. I totally agree

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.

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 10:45 AM

9. OK Reed & any dems who get in the way need 0 support in 2014!!

 

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

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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 11:12 AM

11. American Woman and the men that support them, this is a call we have to take.

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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 12:31 PM

12. Important issues sure sink fast on DU

kick

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 12:43 PM

13. Have you forgotten the last 12 years? Does the phrase "keeping our powder dry"

 

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.

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 12:46 PM

14. Sen. Durban in 2009 on the Senate....

"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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 12:46 PM

15. Sometimes we forget the Dem leaders are only a notch better than the Repukes!

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 12:55 PM

16. Based on everything I've learned about this president...

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

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Response to WhaTHellsgoingonhere (Reply #16)

Wed Nov 14, 2012, 12:38 PM

31. fo' shizzle

 

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 12:59 PM

17. This stinks. The W.H. should do what it can to fix this. nt

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 01:00 PM

18. Not the least bit surprised.

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.

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 01:00 PM

19. Elizabeth Warren is the Peoples Senator. Harry Reid

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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 01:01 PM

20. HUGE K & R !!!






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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 01:06 PM

21. "They pretty much all want jobs at banks someday".

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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 01:08 PM

22. K&R (This is more important than betray-us' disappearing soon waste of time.)

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

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Response to Oilwellian (Original post)

Sun Nov 11, 2012, 01:39 PM

23. "Lobbyists are telling senior Democrats . . ."

Lobbyists are telling senior Democrats. Let that sink in.

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Response to pa28 (Reply #23)

Wed Nov 14, 2012, 12:07 PM

24. Jack Reed's office sez.............

 

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.

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Response to Oilwellian (Original post)

Wed Nov 14, 2012, 12:25 PM

25. banking committee bank connections:

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Response to Oilwellian (Original post)

Wed Nov 14, 2012, 12:27 PM

26. Pelosi and Reid need to go.

 

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

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Response to Oilwellian (Original post)

Wed Nov 14, 2012, 12:31 PM

28. Their Wall Street benefactors have given them their cue cards.

nt

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Response to Oilwellian (Original post)

Wed Nov 14, 2012, 12:34 PM

29. Time to write to Harry

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Response to Oilwellian (Original post)

Wed Nov 14, 2012, 12:34 PM

30. +1

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Response to Oilwellian (Original post)

Wed Nov 14, 2012, 12:42 PM

32. The election is over. Obama won and we picked up seats. Time now to

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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