Quantcast
Connect with us

Congressman calls on bankers to ‘neuter’ Elizabeth Warren — the ‘Darth Vader’ of Wall Street

Published

on

Senior House Financial Services Committee member, Rep. Blaine Luetkemeyer (R-MO) told a conference of bankers Wednesday morning that they needed to “find a way to neuter” Sen. Elizabeth Warren, according to Politico. Luetkemeyer was at an American Bankers Association conference in Washington when he made the remark, also calling Warren “the Darth Vader of the financial services world.”

According to Allied Progress, Luetkemeyer is an old friend to the banking and predatory lending industry, receiving more than $1 million in campaign donations from the industry.

He’s also scored more than $63,000 from predatory payday lenders which Senator Warren sought to put out of business with a bill she proposed in 2014 that would replace them with the United States Post Office. Nearly one in ten service members end up taking out loans from these sketchy lenders with high interest rates and end up crushed under the weight of debt. “When these financial predators come after them I feel ashamed for the rest of us,” Warren said on an episode of “Taking The Hill.”

Luetkemeyer sponsored HR 766 last year, a bill that would close a Department of Justice (DOJ) effort that targets unscrupulous lending practices. In 2012, he proposed another bill that would weaken oversight of payday lenders by enabling them to skirt the regulatory authority of Warren’s previous project the Consumer Financial Protection Bureau and state laws that have just as much oversight or stronger.

“Rep. Luetkemeyer’s remarks on Senator Elizabeth Warren at the American Bar Association meeting earlier today were offensive, sexist and out-of-line,” Nita Chaudhary, co-founder of UltraViolet, a women’s rights advocacy group, said. “Comments like these, which sound eerily similar to something that Donald Trump would say, have no place in American politics and speak to the impact that Donald Trump is having on the discourse coming out of the Republican party. Luetkemeyer should immediately apologize to Senator Warren for his offensive language. There is plenty of room for disagreement in Washington, but resorting to sexist name-calling should have no place in our political discourse.”

Warren’s life’s work has been fighting for consumers and against powerful corporations and special interests. Banks have always hated Warren for highlighting weak consumer regulations, working to stop mortgage abuses from lenders and end junk bank fees. Warren crusades onward; her latest has been a collaborative effort to make college more affordable and accessible.

ADVERTISEMENT

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Donald Trump: ‘My life has always been a fight’

Published

on

The full interview with President Donald Trump finally aired on ABC Sunday, revealing the shocking way that he views his life.

Trump lamented that he's had such a hard life, as the son of multi-millionaires who paid to get him out of trouble multiple times.

"You're a fighter. You, you, it feels like you're in a constant kind of churn--" host George Stephanopoulos began.

"Yeah, uh, my life has always been a fight," Trump said. "And I enjoy that I guess, I don't know if I enjoy it or not, I guess -- sometimes I have false fights like the Russian witch hunt. That's a false fight. That's a made-up, uh, hoax. And I had to fight that."

Continue Reading

Breaking Banner

The right-wing scored more in years of Trump than eight years of George W. Bush: report

Published

on

President George W. Bush oversaw eight years that restricted rights, banned LGBTQ equality, appointed anti-choice judges and so much more. But under Donald Trump's presidency, social conservatives have managed to roll back any progress made by President Barack Obama's leadership.

A new Axios report listed out any anti-LGBTQ, anti-women and anti-poor policies.

“He campaigned saying that he would be a good friend to LGBT people,” James Esseks, director of the ACLU’s LGBT and HIV Project, told VOX. "Actions speak far louder than words. And what he's done has been a wreck."

Continue Reading
 

Breaking Banner

Israel’s Netanyahu just christened a building named after Trump — that doesn’t even exist

Published

on

Israeli Prime Minister Benjamin Netanyahu spent his Father’s Day dedicating a new Trump Tower-type building that hasn't been built in a town that doesn't exist.

Standing in front of a large sign saying "Trump Heights," Netanyahu, who is being forced back into another election, announced the building before planning even began, Axios reported.

A great day on the Golan. PM Netanyahu and I had the honor to dedicate “Trump Heights” — first time Israel has dedicated a village in honor of a sitting president since Harry Truman (1949). Happy Birthday Mr. President!! @POTUS pic.twitter.com/fdYWzokFLK

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link