Bernie
Sanders and Elizabeth Warren walk to the Senate floor after a weekly
Democratic caucus lunch this spring. (Reuters/Jonathan Ernst)
— Robert Litan has joined a growing fraternity of powerful Democrats who lost jobs because of Elizabeth Warren.
Just a few hours after The Daily 202 broke the news that the Massachusetts senator was taking on the Brookings Institution over industry-financed research produced by Litan, the think tank sought and received his resignation. The veteran of the Clinton administration, who directed Brookings’ Economic Studies Program before becoming a non-resident senior fellow, is listed on the think tank’s web site this morning as a “Former Expert.”
Earlier this year, Warren blocked investment banker Antonio Weiss from becoming the third-ranking official at the Treasury Department. In 2013, Warren’s opposition helped torpedo Larry Summers’ lifelong dream of becoming Federal Reserve chairman—despite the fact he was reportedly promised the job by the White House.
Wall Street types call Warren a lot of nasty things, but demagogue is the most printable.
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the Intercept:
Warren Increases the Pain Factor for Choosing Corporate-Friendly Democrats
Unofficial _Sources
A little-noticed report
on candidates for an open spot on the Securities and Exchange
Commission (SEC) reaffirms that the reformist wing of the Democratic
Party is winning the tactical battle over financial regulatory
personnel.
Luis Aguilar, one of three Democratic SEC commissioners on the five-member panel, announced he would step down in May. Initially, the White House floated as a replacement Keir Gumbs, who has passed through the revolving door, from SEC staff to the white-collar corporate law firm Covington & Burling.
Covington & Burling counts most major U.S. banks among its clients, and is the home of former Attorney General Eric Holder and several of his top deputies. While at Covington, Gumbs allegedly gave CEOs tutorials on how to avoid disclosing their corporate political spending. He also represented the American Petroleum Institute before the SEC.
Luis Aguilar, one of three Democratic SEC commissioners on the five-member panel, announced he would step down in May. Initially, the White House floated as a replacement Keir Gumbs, who has passed through the revolving door, from SEC staff to the white-collar corporate law firm Covington & Burling.
Covington & Burling counts most major U.S. banks among its clients, and is the home of former Attorney General Eric Holder and several of his top deputies. While at Covington, Gumbs allegedly gave CEOs tutorials on how to avoid disclosing their corporate political spending. He also represented the American Petroleum Institute before the SEC.
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