Warren Warns Clinton on Wall Street Cabinet Choices – NMP Skip to main content

Warren Warns Clinton on Wall Street Cabinet Choices

Sep 21, 2016
Sen. Elizabeth Warren (D-MA) stated this morning that she has no plans to run for president in 2020

The rocky relationship between Sen. Elizabeth Warren (D-MA) and Democratic presidential nominee Hillary Clinton betrayed a flash of agitation this afternoon, as Warren pointedly warned against the presence of any Wall Street executives in a potential Clinton cabinet.

According to a report on The Hill, Warren used a speech before an event hosted by the Center for American Progress Action Fund in Washington, D.C., to call out specific Wall Street companies that she does not want to see having any involvement in the Executive Branch if Clinton is elected.

“When we talk about personnel, we don’t mean advisers who just pay lip service to Hillary’s bold agenda, coupled with a sigh, a knowing glance, and a twiddling of thumbs until it’s time for the next swing through the revolving door,” Warren said. “We don’t mean Citigroup or Morgan Stanley or Blackrock getting to choose who runs the economy in this country so they can capture our government.”

Clinton’s relationship with Wall Street’s major companies, coupled with her refusal to support the reinstatement of the Glass-Steagall Act, has created friction between her campaign and the progressive wing of the Democratic Party led by Warren, who pointedly declined to endorse Clinton’s presidential campaign until she had secured the delegates needed to claim the party’s nomination.

Although Warren promised on Wednesday to work “my heart out to elect Hillary Clinton” and has yet to abate in her insult campaign aimed at Republican candidate Donald Trump, her warning today signaled that she will not shy away from her challenging her party’s leadership on bringing Wall Street executives into the White House positions.

About the author
Published
Sep 21, 2016
MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk

UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational

FHA Keeps Tri-Merge Credit Reports While Expanding Approved Scoring Models

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting