Elizabeth Warren is justifiably upset. One of America’s last bastions of true liberalism and progressivism is slamming the President for his nomination of another Wall Street bull. Last Wednesday President Obama nominated Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department. Antonio Weiss is the head of the investment banking firm Lazard. And what does Lazard do? They do what most investment banking firms do. They maximize capital investment returns irrespective of cost to country or humanity. Lazard was instrumental in Burger King’s acquisition of Tim Hortons for the purpose of a tax inversion / corporate inversion. In other words they helped arrange the purchase in which the American tax payers will get stiffed. Burger King built its prowess in America with the security, education, and prosperity of its offerings. It then renounces its American corporate citizenship and adopts that of the company it purchases as it stiffs Americans of their future taxes due. The culture of investment banks assumes these actions are in the best interests of the investors they represent. It definitely is not in the interest of the average American. Elizabeth Warren wrote a stinging rebuke of President Obama for nominating Antonio Weiss in a Huffington Post blog post titled “Enough Is Enough: The President’s Latest Wall Street Nominee” in which she laid out the case against Weiss and nominees like him. She first illustrates that she has been loyal to the President but will not be at the expense of the average American.
Posted on: Thu, 20 Nov 2014 16:34:07 +0000
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