{"id":376669,"date":"2021-12-05T07:09:24","date_gmt":"2021-12-05T04:09:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-letting-lefty-elizabeth-warren-call-the-fin-reg-shots\/"},"modified":"2021-12-05T07:09:24","modified_gmt":"2021-12-05T04:09:24","slug":"biden-letting-lefty-elizabeth-warren-call-the-fin-reg-shots","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-letting-lefty-elizabeth-warren-call-the-fin-reg-shots\/","title":{"rendered":"#Biden letting lefty Elizabeth Warren call the fin-reg shots"},"content":{"rendered":"<p>&#8220;<strong>#Biden letting lefty Elizabeth Warren call the fin-reg shots<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n            <img decoding=\"async\" width=\"76\" height=\"69\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76&amp;h=69&amp;crop=1\" class=\"attachment-nyp_columnist size-nyp_columnist\" alt=\"Charles Gasparino\" loading=\"lazy\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=152 152w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=114 114w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76 76w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=38 38w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png 706w\" sizes=\"auto, (max-width: 76px) 100vw, 76px\"\/>      <\/div>\n<\/div>\n<\/aside>\n<p>Who elected Elizabeth Warren president of the US economy?\u00a0<\/p>\n<p>All signs point to Joe Biden, who between naps and licks of his ice cream cone has bestowed upon Warren de facto presidential powers to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>oint people to key government posts that influence the nation\u2019s economy.<\/p>\n<p>I know this because bankers hire lobbyists to sniff out who is getting what jobs so they can plan their business accordingly. These lobbyists are telling the C-suite leaders that the man who was elected president is largely checked out on many issues including these appointments. (Surprise!)<\/p>\n<p>Even worse, Biden has farmed out decisions like these to a coterie of progressive advisers (domestic-policy adviser Susan Rice apparently has a big say on stuff), who in turn take too many of their marching orders from Warren on who regulates the US economy.<\/p>\n<p>That makes the Democratic senator from Massachusetts, in the words of one top Wall Street executive monitoring White House economic appointments, \u201cpresident for financial regulation.\u201d<\/p>\n<p>What makes Warren so qualified for such power over the $22 trillion US economy is truly baffling. Of course she\u2019s smart; her ascent began in academia and Harvard Law School. But we\u2019re not talking Milton Friedman or even Larry Summers here. Warren\u2019s academic research focused on bankruptcy and consumer issues, not how best to prime an economy to lift wages and produce jobs.<\/p>\n<p>Yet the consumer stuff and her Harvard pedigree made Warren a go-to TV talking head to bank-bash during the 2008 financial crisis. Before long, she had the ear of President Barack Obama as he was weighing the post-crisis \u00adfuture of banking.<\/p>\n<p>Her brainchild was a new, largely duplicative layer of government called the Consumer \u00adFinancial Protection Bureau (CFPB). Warren had grand ambitions for the agency as a prosecutor of malice and greed in banking. Its record was far less impressive. The CFPB was credibly accused of conjuring fake scandals; running interference for trial lawyers looking to squeeze a quick buck out of targeted industries; and coming to the rescue of consumers only after scandals had been uncovered by the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> (see the Wells Fargo fake-account mess).<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/JoeBidenSleeps.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"President Joe Biden sleeping.\" class=\"wp-image-20377050\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/JoeBidenSleeps.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/JoeBidenSleeps.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/JoeBidenSleeps.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>While President Joe Biden sleeps, progressives like Sen. Elizabeth Warren have been influencing the Democratic Party and the White House.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Still, the media loved her. Over the years, Warren managed to leverage her fanatical outbursts to reporters to become a US senator, a presidential candidate and a darling of the progressive wing of the party, even if her halo has dimmed somewhat after falsely claiming she\u2019s of Native American ancestry.<\/p>\n<p>So important she is to the lefty-dominated Democratic Party that when Joe Biden is asleep (which is very often), she\u2019s playing matchmaker on key White House regulatory appointments, Wall Street execs tell me. The Goldman banker and super-progressive SEC chair Gary Gensler is a Warren creation. Her fingerprints are all over the latest possible appointment of her old pal, Richard Cordray, formerly chief of the bank-hating CFPB during the Obama years, to a key role at the Fed as vice chair for banking regulation.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>It doesn\u2019t end there. Warren is said to be behind the White House nomination of Saule Omarova. This proud graduate of Moscow State University who never shed her Marxist past is remarkably Biden\u2019s (I mean Warren\u2019s) pick for comptroller of the currency, another key bank regulator.<\/p>\n<p>Then there\u2019s this Warren-inspired doozy: The nomination of Gigi Sohn as a commissioner on the Federal Communications Commission.<\/p>\n<p>The FCC is one of the most important regulators of business since it provides oversight of our biggest industries: Telecom, media and tech. Sohn\u2019s qualifications are that she is a legal academic and progressive activist who co-founded a left-wing organization that received funding from billionaire left-winger George Soros. She served as special counsel to Obama\u2019s FCC chief Tom Wheeler when he famously pushed for \u201cnet neutrality\u201d rules that undermined telecom innovation until it was \u00adreversed during the Trump years.<\/p>\n<p>Sohn oddly gets some nods from conservatives for her plans to regulate evil Big Tech companies. Look deeper into Sohn\u2019s record, and particularly at her tweets, and you find stuff that should make conservatives \u2014 or anyone who cherishes the First Amendment \u2014 want to vomit.<\/p>\n<p>She has called into question whether the right-leaning Sinclair Broadcasting is qualified for an FCC broadcast license and if social media companies should moderate \u201cmisinformation and disinformation,\u201d which many believe is code for censoring conservative speech.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/Saule-Omarova.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Saule Omarova, President Biden's nominee to head the Office of the Comptroller of the Currency.\" class=\"wp-image-20377134\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/Saule-Omarova.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/Saule-Omarova.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/Saule-Omarova.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Saule Omarova, President Joe Biden\u2019s nominee to head the Office of the Comptroller of the Currency, advocates for the end of banking by moving Americans\u2019 finances from private banks to the Federal Reserve.<\/figcaption><figcaption><span class=\"credit\">REUTERS\/Tom Brenner<\/span><\/figcaption><\/figure>\n<p>Sohn once bizarrely suggested that my employer, Fox <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>, is more \u201cdangerous to our democracy\u201d than the filth that fills social media. Sohn apparently doesn\u2019t like the fact that Fox is one of the few alternatives to the likes of CNN and MSNBC. Word on Wall Street is that the White House will eventually flick in Sohn as chair of the FCC if she\u2019s confirmed because that\u2019s what Warren wants.<\/p>\n<p>Some of these appointments will be shot down in Senate confirmation, but others won\u2019t. The result: More costly regulation that will crush consumers and hinder innovation because it always does. Banks will have to spend time and money answering progressive calls to reduce their carbon footprint instead of ensuring the local bakery can get a loan to expand.<\/p>\n<p>The Gigi Sohns in Washington will play politics with free speech. All thanks to President Warren.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/12\/04\/biden-letting-lefty-elizabeth-warren-call-the-fin-reg-shots\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Biden letting lefty Elizabeth Warren call the fin-reg shots&#8221; Who elected Elizabeth Warren president of the US economy?\u00a0 All signs point to Joe Biden, who between naps and licks of his ice cream cone has bestowed upon Warren de facto presidential powers to appoint people to key government posts that influence the nation\u2019s economy. I&#8230;<\/p>\n","protected":false},"author":1,"featured_media":376670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/WarrenBidenHP.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[18203,120945,121000,5069,77105,75942,77826,5043,73816,118979,991,80571],"class_list":["post-376669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-barack-obama","tag-12-4-21","tag-consumer-financial-protection-bureau","tag-economy","tag-elizabeth-warren","tag-fcc","tag-federal-regulation","tag-first-amendment","tag-free-speech","tag-gary-gensler","tag-joe-biden","tag-sinclair-broadcasting"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/376669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=376669"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/376669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/376670"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=376669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=376669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=376669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}