Bank Lobbyists, Red Baiters Tank Biden Pick For Financial Regulator | Talking Points Memo

Thirteen years after the financial crisis that nearly toppled the country’s economy and pounded shockwaves into American politics, a bipartisan group of senators managed to tank President Biden’s choice for a top financial services industry regulator, as lobbyists for the sector goaded them to do so.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1397287
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Biden should nominate Liz Warren instead. See how they like those apples. :face_with_raised_eyebrow:

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The Consumer Bankers Association similarly told Politico that Omarova’s statements “raise serious concerns about how she would oversee the well-regulated, well-supervised banking system, protect consumers and work with an industry critical to financing the American Dream for families and small businesses.”

The “well-regulated, well-supervised banking system”?!? WTF?

I have a two-word rebuttal: Wells Fargo.

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A fine idea if there wasn’t a 50-50 Senate…though it would be good to find some new blood (like Omarova) who could take things on for the next generation.

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“Reserves? We don’ need no steenkin’ reserves!” - Los Bankeros

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And DINO Senators like these are why we cannot have nice things.

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I know, I know…that was just the first thing that came to mind. Hehehe… :grin:

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Our banking system is about as “well regulated” as our militia.

Which allows minors to cross state lines and murder with impunity.

On GOP-sponsored human safaris.

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I will see your two words and raise you another name: BEAR STEARNS

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Is that anything like a “well-regulated militia?”

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And don’t even get me started on these ‘Republican’ senators. These Republicans who would ‘rather be a Russian than a Democrat’!

Not even gonna mention which country helped bring about the 45th presidency that we all had to suffer through! :face_with_symbols_over_mouth: :face_with_symbols_over_mouth: :face_with_symbols_over_mouth:

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Oh, sure! Bring up the bad apples! Other than that, it’s a perfect system. And “well-regulated!”

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I’m a history buff, so for me it’s Silverado Savings and Loan, a truly bipartisan scandal!

ETA: my bad, Silverado was all Neal Bush; Lincoln Federal Savings and Loan was bipartisan due to Saint John McCain’s involvement in the Keating 5 scandal. The rest of the miscreants were Dems.

Also 50/50 Senate is why we can’t have nice regulators. Throw everything you’ve got into more Dem Senate seats in 2022.

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The oligarchy must die, and must be taught to live in mortal fear of the rest of us every day, all day.

NMNQ

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She would be a kick-ass regulator and they know that.
Just imagine what will happen under Trump II.

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“Who’s askin’?”

image

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Certainly missing the mark of a “regular” militia. A few too many burritos and BudLite for that…

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All I can think is that option 1 might be a doable but tough confirmation so this was an opening gambit before we get the real name.
We can be frustrated, but what about this Senate gives anyone the impression that this was a serious candidate? And by serious, I mean that the Senate would seriously consider her.

If there’s a ZZ-Top then there had to be a ZZ-Bottom too.

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If I store my dosh at the Fed Reserve, can I get a loan at those sweet discount window rates?

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