Democrats assail Wall Street ties in Obama administration
By Peter Schroeder – 11/30/14 02:31 PM EST
President Obama’s nomination of Antonio Weiss to serve as the Treasury Department’s top domestic finance official is drawing fire from an unusual sector: his fellow Democrats.
Liberal lawmakers like Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have been quick to oppose Weiss, a major investment banker with Lazard.
Among their grievances is the fact that Lazard’s work is primarily in international finance and he is nominated for a domestic position. They’re also critical of his role in structuring several tax inversion deals, which have drawn criticism from the president himself.But an underlying thread to the Democratic opposition is a fatigue with filling top-ranking administration spots with officials that have spent significant time working for or on behalf of Wall Street titans. Warren penned an op-ed in The Huffington Post criticizing the administration’s approach under the headline “Enough is Enough.”
https://thehill.com/business-a-lobbying/225434-dems-assail-wall-street-ties-in-administration
