Elizabeth Warren Draws Praise, Ire In 1st 2 years In Senate


Boston CBS local is carrying the story Elizabeth Warren Draws Praise, Ire In 1st 2 years In Senate from The Associated Press.

She also faulted Obama for nominating Antonio Weiss, the head of investment banking for a financial advisory and asset management firm, for a position at the Treasury Department. Warren said Weiss isn’t qualified to oversee consumer protection and domestic regulatory functions at the Treasury.

Her opposition to Weiss has drawn criticism.

“Ms. Warren’s other main objection is simply that Mr. Weiss has worked on Wall Street, which she seems to believe disqualifies him based on symbolism alone,” wrote Andrew Ross Sorkin, a New York Times columnist and author of “Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — and Themselves.”

I was particularly pleased that the best opposition case that her critics could come up with was the above misstatement of what her complaint was.  Weiss’s lack of experience in the area to which the President wishes to appoint him, and the fact that there are much  better candidates with far superior qualifications is actually the basis for her objection.  It is exactly the fact that the Wall Street apologists and even some of its critics just do not seem to understand the problem that makes Elizabeth Warren such a standout crusader for the middle-class.

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