Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The Big Battle To Keep Elizabeth Warren Off The Senate Banking Committee
Business Insider ^ | 11/15/2012 | Linette Lopez

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 ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: banking; elizabethwarren; senate

1 posted on 11/15/2012 8:28:31 AM PST by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind
Politico's Ben White reported that Wall Street's lobbyists are on the case, trying to pressure Reid to put Warren on another committee (like Judiciary or Finance).

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):

2 posted on 11/15/2012 8:29:43 AM PST by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

What about the Senate Committee on Indian Affairs?


3 posted on 11/15/2012 8:31:47 AM PST by Fresh Wind (Cut the cable today!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Warren is a card-carrying Commie and one spooky chick. I can easily picture her as the commandant of a “re-education” camp.


4 posted on 11/15/2012 8:32:35 AM PST by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

“put Warren on another committee (like Judiciary or Finance).”

Don’t you think that she’d be perfect on a committee overseeing Indian affairs?


5 posted on 11/15/2012 8:33:15 AM PST by Stormdog (A rifle transforms one from subject to Citizen)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Fresh Wind

Elizabeth Warren has the brains ,she’ll go far in DC LOL


6 posted on 11/15/2012 8:34:37 AM PST by molson209
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

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.


7 posted on 11/15/2012 8:45:28 AM PST by Usagi_yo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Stormdog

“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.


8 posted on 11/15/2012 8:45:35 AM PST by jessduntno ("Socialism only works...in Heaven where they don't need it and hell where they have it." - RR)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind

I don’t believe Reid is going to put here there. She’s kinda goofy.


9 posted on 11/15/2012 8:46:46 AM PST by Usagi_yo
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

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?


10 posted on 11/15/2012 8:53:08 AM PST by Dahoser (Separation of church and state? No, we need separation of media and state.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jessduntno

“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.


11 posted on 11/15/2012 8:56:35 AM PST by Stormdog (A rifle transforms one from subject to Citizen)
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

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.


12 posted on 11/15/2012 9:06:16 AM PST by NOVACPA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Stormdog

“I meant the Native American kind. I guess that I should have put the saecasm tag on.”

Me too.


13 posted on 11/15/2012 9:09:26 AM PST by jessduntno ("Socialism only works...in Heaven where they don't need it and hell where they have it." - RR)
[ Post Reply | Private Reply | To 11 | View Replies]

To: SeekAndFind

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


14 posted on 11/15/2012 9:51:26 AM PST by hkusp40
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

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.


15 posted on 11/15/2012 9:57:36 AM PST by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Squaw has always spoken with forked tongue.

Shouldn't be hard to dig up lots of dirt--I'm sure there are many in OK that would oblige.

16 posted on 11/15/2012 10:02:14 AM PST by Mamzelle
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dahoser
Is there magically going to be pro-business legislation if she isn’t?

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.

17 posted on 11/15/2012 10:08:57 AM PST by what's up
[ Post Reply | Private Reply | To 10 | View Replies]

To: Usagi_yo

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.


18 posted on 11/15/2012 11:53:02 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 9 | View Replies]

To: NOVACPA
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.

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.

19 posted on 11/15/2012 11:58:28 AM PST by ksen
[ Post Reply | Private Reply | To 12 | View Replies]

To: ksen

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...


20 posted on 11/15/2012 1:02:53 PM PST by NOVACPA
[ Post Reply | Private Reply | To 19 | View Replies]

To: ksen
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.

I am not that impressed with Warren, even if she puts on war paint. After all that effort on "consumer financial reform," zero effort to reform credit rating agencies like Equifax. When a completely bogus negative item appears on your report and you have to submit a paper request to Equifax to "investigate," they lie to you, saying they found the item to be valid. I wonder if she has ever heard of Clark Howard.

"making sure Wall Street can't tank the world economy again" is a pretty bold claim. These things don't happen very often, and when they do, the next step is damage control. It's kind of like predicting that somebody will prevent all future terrorist attacks.

21 posted on 11/15/2012 2:09:54 PM PST by ding_dong_daddy_from_dumas (Fool me once, shame on you -- twice, shame on me -- 100 times, it's U. S. immigration policy.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: jessduntno

You should watch Archer. The joke was:

“he’s an Indian.”
“Dot or feather?”


22 posted on 12/07/2012 5:31:48 PM PST by christx30 (Freedom above all.)
[ Post Reply | Private Reply | To 13 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson