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The Undaunted Democrat
A left wing view of politics.

By: Michael Hoyt

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The Undaunted Democrat - Video

Frm LA Democrat Attacks Sen Mary Landrieu D Her Record With Black Voters Cavuto part 4
Democratic Sen. Mary Landrieu #39;s 12-point loss in a weekend runoff ended up closer than several polls suggested it could be. But an Associated Press analysis of the returns show that a slide...

By: News For the People

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Frm LA Democrat Attacks Sen Mary Landrieu D Her Record With Black Voters Cavuto part 4 - Video

democrat mayor encourages voters to vote twice at landrieu event
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By: Martin Brodel

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democrat mayor encourages voters to vote twice at landrieu event - Video

Senator Elizabeth Warren challenged the credentials of President Barack Obamas nominee for a top Treasury job, saying a well-oiled revolving door between Wall Street and its regulators favors banks interests at the expense of consumers.

Antonio Weiss, the global head of investment banking at Lazard Ltd. who has specialized in international mergers and acquisitions, lacks experience to be undersecretary for domestic finance, Warren said in a speech today in Washington. She criticized Obama for nominating an executive who has worked on corporate tax-inversion deals, which the administration is attempting to curb.

Not every person who swoops in through the revolving door should be offered a top job without some serious cross-examination, she said in prepared remarks at an event organized by Americans for Financial Reform, the Economic Policy Institute and the Roosevelt Institute. Qualifications matter, and Weiss doesnt have them.

Warren, a Massachusetts Democrat, is opposing the nomination partly because she said his selection would perpetuate close ties between the government and banks. She cited figures showing the amount of time and money Goldman Sachs Group Inc., JPMorgan Chase & Co. and other financial companies spend trying to influence regulators in Washington.

Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the Bloomberg Markets 50 Summit in New York, on Sept. 13, 2012. Close

Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the... Read More

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Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the Bloomberg Markets 50 Summit in New York, on Sept. 13, 2012.

As undersecretary, Weiss would coordinate policies on banking, capital markets and regulation. The undersecretary also works on implementation of the Dodd-Frank financial law. One of his main responsibilities is managing the issuance of the countrys debt.

Warren said Weisss banking expertise doesnt fit with the position, calling him a corporate dealmaker, not a bond trader.

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Warren Dubs Weiss a Bank Dealmaker Lacking Resume for Treasury

Police departments must be involved in investigating sexual assaults on campuses to ensure colleges dont minimize the crime to protect their image, a U.S. senator said at a hearing today.

I am concerned that law enforcement is being marginalized when it comes to the crime of campus sexual assault, said Sheldon Whitehouse, a Rhode Island Democrat who leads a Senate Judiciary subcommittee.

A lack of law enforcement response sends the message that what happened to the victim didnt matter, he said. This message fits too neatly with the pressure school administrators may feel to downplay campus sexual violence.

Lawmakers at the federal and state level are seeking more prosecutions of sexual assaults and tougher penalties for educational institutions that fail to pursue cases. While many rape victims have been reluctant to report crimes to police, a wave of assaults has fueled calls to direct more complaints to the justice system.

The hearing took place weeks after the University of Virginia campus in Charlottesville was tossed into turmoil by a now-discredited Rolling Stone magazine article about an alleged gang rape of a woman at a fraternity that wasnt reported to police.

The publication has since [bn:URL=http:\www.rollingstone.comculturenewsa-note-to-our-readers-20141205

k] backtracked [] from the Nov. 19 article, saying last week there were discrepancies in the supposed victims account. Local law enforcement is investigating the allegations.

Senator Claire McCaskill said at the hearing she is saddened and angry about the bad journalism in the Rolling Stone article.

The article was a setback for survivors in this country, said McCaskill, a Missouri Democrat. This is not a crime where you have rampant false reporting and embellishment.

Senator Kirsten Gillibrand, a New York Democrat, echoed McCaskills concerns.

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Campus Sexual Assault Response Criticized by U.S. Senators