Posted on 11/15/2012 8:28:26 AM PST by SeekAndFind
We know that Wall Street would rather not have consumer advocate Elizabeth Warren sitting on the Senate Banking Committee, but right now it looks like if she wants it, she can have it.
Here's why (it's very simple).
Ultimately, the decision of who sits on what committee is left up to Harry Reid (D-NV), the Senate Majority leader. He takes into consideration things like seniority and Senators' talents, backgrounds and preferences. But in the end, the choice is his.
Now let's look at the committee. There are two seats opening up: Herb Kohl (D-WI) and Daniel Akaka (D-HI). New York Senator Kirsten Gillibrand has already said she's not taking one of them.
The other person being considered is Delaware Senator Chris Coons, and he isn't really talking about the situation.
(Excerpt) Read more at businessinsider.com ...
The question is, how much influence do they have over a man who, two years ago, made fun of the GOP for "making love to Wall Street"? (from CBS):
What about the Senate Committee on Indian Affairs?
Warren is a card-carrying Commie and one spooky chick. I can easily picture her as the commandant of a “re-education” camp.
“put Warren on another committee (like Judiciary or Finance).”
Don’t you think that she’d be perfect on a committee overseeing Indian affairs?
Elizabeth Warren has the brains ,she’ll go far in DC LOL
Doesn’t the banking committee seats traditionally go to New York Senator and Delaware?
IT would be hilarious if he put her on whatever deals with Indian affairs.
“Don’t you think that she’d be perfect on a committee overseeing Indian affairs?”
You mean Indan like buffalo or Indian like curry? No self respecting Indian would have an affair with that lying witch.
I don’t believe Reid is going to put here there. She’s kinda goofy.
Why does it matter whether a freshman senator is on that committee? Is there magically going to be pro-business legislation if she isn’t?
“You mean Indian like buffalo or Indian like curry?”
I meant the Native American kind. I guess that I should have put the saecasm tag on.
If placed on this cte., she will push hard for principal forgiveness on mortgage loans. Hard.
Taxpayers will take another swift kick in the crotch.
“I meant the Native American kind. I guess that I should have put the saecasm tag on.”
Me too.
The damage is already done with Basel III becoming reality in January. Liz Warren would probably do less harm than what has already been incurred on the small regional banks by Dodd-Frank and Basel III.
Business Insider is the “Tiger Beat” of Wall Street Journalism
LOL...the Wall St, idiots who voted for and contributed to Obummer’s campaign deserve to have this Harvard harridan on their backs. She’s 0% Indian, but she is !00% Communist.
Shouldn't be hard to dig up lots of dirt--I'm sure there are many in OK that would oblige.
No, but there will likely be far less of it if she is.
She was the driving force of the new Consumer Protection Board. She was Obama's #1 pick to be the head of the board but he couldn't get her confirmed because she was too radical. So she decided to become Senator instead.
She's evil.
She is going to the Banking Committee. Mark my words. She’s geared her whole career around it. The Democrat base will go absolutely ape-shiite if they deny her that. She’s like some Annie Oakley banker-bashing folk hero to them.
Taxpayers will take another swift kick in the crotch.
Doubtful.
It'll be good to have someone on that committee that actually cares about making sure Wall Street can't tank the world economy again.
Different issues.
Fannie and Freddie own roughly 31,000,000 loans. If each loan is forgiven $50,000 in principal, the taxpayers will eat $1.5 trillion in one big nasty sandwich.
So far, Demarco has fought principal forgiveness, but word is Obama will fire him over Christmas and do a recess appointment of someone more maleable on the idea...
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