Crush your enemies, see them driven before you, hear the lamentation of Wall Street.
That is good!
Sen. Elizabeth Warren (D-MA) has won her push to stop banker Antonio Weiss from becoming the under secretary for domestic policy at the Treasury Department.
Weiss asked President Barack Obama not to resend his nomination for the job, Politico reported on Monday and the White House confirmed to TPM.
Weiss, a Democrat and banker at Lazard, had been in the crosshairs of Warren over the last few weeks as she railed against the unnecessary influence of Wall Street in the halls of Congress.
Warren had maintained that Weiss’s background as a banker who was involved in a merger between Tim Horton’s and Burger King disqualified him from the Treasury post.
“I am writing to request that the administration not re-submit my nomination,” Weiss wrote in the letter to Obama, according to Politico. “I do not believe the Treasury Department would be well served by the lengthy confirmation process my renomination would likely entail.”
Weiss will instead take a job as an adviser to Treasury Secretary Jack Lew, which does not require congressional approval.
Yes! This is a big win for the middle class and those families struggling to get up to middle class. Now the President can find someone to work in Treasury who is not all cozy with Wall Street.