Skip to main content

It starts off with an excellent question. One I ponder often.

Why is Obama appointing so many former employees of one Wall St. bank?
She starts by explaining her reluctant vote for Stanley Fischer, yet another Citigroup appointment to add to the pile of expensive suits.
Today, I cast my vote on the Senate Banking Committee for Stanley Fischer to serve in the No. 2 position at the U.S. Federal Reserve. I asked Fischer tough questions – in person, at his nomination hearing, and in writing – and I have been impressed with the depth of his knowledge and experience.

But I cast my vote reluctantly because of my growing frustration over the concentration of people with ties to the megabank Citigroup in senior government positions.

Hop over the Fleur-De-Cheeto for more banking goodness.

Her closing graf is the meat of it:

For too long, the titans of Wall Street succeeded in pushing government policies that made the megabanks rich beyond imagination, while leaving working families to struggle from payday to payday. Many Republicans openly acknowledge their ties to Wall Street, but Democrats have campaigned on an alternative approach focusing on expanding opportunities and leveling the playing field for the middle class. Democrats’ slogans have won some elections, but once in power, Democratic administrations have too often stacked top positions in government with people close to Wall Street. Stanley Fischer is a good man and has earned my respect, but this is a real and growing problem. If the big banks can seize both parties, then the Democrats—and the country—lose the central economic argument that government should work for the people, not just for the rich and powerful.
I can't really add much to this, as the work day beckons.

Let's hope Liz is able to keep the pressure on and bright lights glaring in the appropriate places.

That there are so few like her in our party worries me to no end.

Please read her entire piece - it's fairly short and to the point.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

jbou, Pat K California, claude, bink, Thumb, Alumbrados, Angie in WA State, cslewis, Sylv, Bollox Ref, Paleo, Mogolori, Chi, hester, Better Days, Subterranean, Danno11, Shockwave, wu ming, LuvSet, hyperstation, eeff, RFK Lives, niemann, Heart of the Rockies, Dumbo, opinionated, TheMomCat, TracieLynn, cyberKosFan, Einsteinia, whenwego, ehavenot, chuckvw, chimpy, roses, Nate Roberts, splashy, sidnora, revsue, jdmorg, kharma, tidalwave1, MrSandman, pat bunny, JimWilson, HeyMikey, onemadson, lcrp, Brian82, Diana in NoVa, JayBat, zerelda, randallt, poemworld, Josiah Bartlett, rapala, davidincleveland, Bluesee, ichibon, chimene, democracy inaction, Erik the Red, wallys son, grimjc, basquebob, dewtx, YucatanMan, Sun Tzu, Dem Beans, where4art, skyounkin, not a lamb, Tool, Ginny in CO, Rusty in PA, peacestpete, mightymouse, Alan Arizona, xaxnar, Jim R, Jim P, kovie, poco, Orinoco, golem, Medium Head Boy, 417els, cardboardurinal, cookseytalbott, KenBee, Naxet, Naniboujou, Lefty Coaster, blueoasis, SherriG, MJ via Chicago, philipmerrill, gooderservice, real world chick, JVolvo, el cid, Zwoof, middleagedhousewife, anninla, onionjim, Clive all hat no horse Rodeo, bstotts, sea note, Little, Aaa T Tudeattack, cpresley, ammasdarling, Sapere aude, hooper, Jarrayy, SpecialKinFlag, Positronicus, psychodrew, puakev, yoduuuh do or do not, tbirchard, david mizner, dclawyer06, deepeco, aliasalias, newpioneer, HCKAD, letsgetreal, bobswern, leonard145b, janatallow, spearfish, cville townie, fb, mconvente, GAS, wayoutinthestix, OleHippieChick, Youffraita, Senor Unoball, Involuntary Exile, elwior, Laughing Vergil, Sharon Wraight, mikeconwell, tofumagoo, jobu, No Exit, temptxan, petulans, elpacifico66, LaEscapee, billybam, 207wickedgood, Ellid, jarbyus, The Dead Man, dharmasyd, Methinks They Lie, JesseCW, thirty three and a third, TheOpinionGuy, jomi, Shelley99, his panic, sfarkash, jfromga, nancat357, Words In Action, Lefty Ladig, ruscle, commonmass, FogCityJohn, biggiefries, Lost and Found, psychbob, gulfgal98, samanthab, Lady Libertine, Egalitare, Jaimas, melfunction, ffour, Johnny Q, Publius2008, Betty Pinson, ZedMont, slice, theKgirls, Mike08, allenjo, ozsea1, Liberal Capitalist, StateofEuphoria, slowbutsure, Seitanist, FarWestGirl, EquityRoy, smiley7, trumpeter, Lusty, sethtriggs, thomask, muddy boots, tardis10, MPociask, LSmith, wintergreen8694, PhilJD, bloomin, DRo, Auriandra, MichaelNY, No one gets out alive, Azazello, Laurel in CA, BocaBlue, livingthedream, quill, fenway49, Catskill Julie, DeadHead, greenbastard, orestes1963, dance you monster, 420 forever, 2thanks, joeschmeaux, Mr Robert, the Don, radical simplicity, Arahahex, Galtisalie, lunachickie, rat racer, AverageJoe42, Kayjay, Robynhood too, nuclear winter solstice, TheMeansAreTheEnd, kleinburger, jbob, goodpractice, HedwigKos, alice kleeman, akze29, GreenMother, Mannie, greenbell, skepticalcitizen, danjb, CenPhx, eagleray, cigale, Capt Crunch, jbsoul, patbahn, Pablo Bocanegra, hbk, LubbockGayMale, AJayne, Cadillac64, dcnblues, BMScott, allie4fairness

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site