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.”

ADVERTISEMENT

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

2020 Election

Joe Biden to air first general-election TV ads in Texas as polls show increasingly close race against President Donald Trump

Published

on

Joe Biden is launching his first general-election TV ads in Texas as a growing number of polls show a close presidential race here.

As part of a four-state ad buy that Biden's campaign is announcing Tuesday, the presumptive Democratic nominee is going up with a 60-second spot in Texas that addresses the increasingly dire coronavirus situation here.

Continue Reading

Breaking Banner

Restaurant owner kicks out ‘crazy’ Trump supporter who flashed a gun at employee who asked him to wear a mask

Published

on

A supporter of President Donald Trump was recently kicked out of a barbecue joint in Kansas after he flashed a gun at an employee who asked him to wear a face mask.

The Kansas City Star reports that a man wearing a "Make America Great Again" hat walked into the RJ’s Bob-Be-Que Shack in Mission, Kansas last week without wearing a face mask.

When he was asked to wear one by worker Arlo Kinsey, he said that he had an "exemption" to Kansas's statewide mask order -- after which he pulled up his shirt and revealed he was carrying a holstered gun.

Continue Reading
 

2020 Election

In Trump’s ‘murder the messenger’ White House ‘it’s survival of the morally sickest’: conservative

Published

on

In his column for the Daily Beast, conservative -- and former Republican -- Matt Lewis explained that Donald Trump's decision to turn on Dr. Anthony Fauci is yet another example of his habit of destroying advisers who don't tell him what he wants to hear which is why and, in this case, more Americans are going to die in the coronavirus pandemic.

As Lewis notes, Fauci, who has been brutally frank about the resurgent COVID-19 health crisis that is now swamping Arizona, Texas and Florida, joins a long line of high profile administration officials who have found themselves on the president's hit list for not toeing the administration's line.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image