The former Democratic Massachusetts Senator now sits on the board of a Bank….
He correctly points out that Warren would probably send the Stock Market and Bank’s into downturn if she was appointed to the position…
She IS a bankruptcy expert and NO friend the big banks and corporations…
Frank, who in 2011 pushed President Obama to nominate Warren to run the newly created Consumer Financial Protection Bureau, pointed out that Biden and Warren differ on some key economic and financial policies. For instance, Warren is a vocal advocate for breaking up big banks and instituting a wealth tax — positions that go further than what Biden favors.
“If she’s not vice president, I’d rather see her retain the power of legislation in the Senate,” said Frank, who added that he’s “very confident” Biden will defeat Trump.
Analysts have said that Warren would be a nightmare for Wall Street because her nomination would raise the threat of aggressive regulation.
“This prospect would generate huge anxiety in the financial markets, which she regularly blasts as greedy and corrupt,” Greg Valliere, chief US policy strategist at AGF Investments, wrote in a note to clients last month.
Four more years for Powell?
Frank suggested that Biden, if he wins in November, should consider keeping one of President Donald Trump’s most prominent appointments: Jerome Powell, the chairman of the Federal Reserve.
“Powell has been the best Trump appointee — despite the fact Trump yells at him all the time,” Frank said….
Remember …
Moving Sen. Warren from her current job COST’S Democrats a BADLY needed US Senate Seat….Maybe their majority come next year….
That is NOT worth it….
image…BostonHearld