President Obama’s Wall Street Treasury Undersecretary nominee Antonio Weiss, head of investment banking for Lazard, has been publicly opposed by Massachusetts Senator Elizabeth Warren. Warren has criticized the decision, essentially saying that there are already enough Wall Street stooges in the Treasury Department looking out for their own interests instead of those of the average citizen. Weiss already has experience practicing corporate inversions (a major target of the Obama administration) advising on Burger King’s acquisition of the Canadian coffee chain Tim Hortons. We discuss the nomination and some of the backlash it’s receiving, in this Lip News clip with Mark Sovel and Elliot Hill.
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