There were two things which stood out to me in the Politico
Magazine article detailing the rocky relations between the Obama-Biden White
House- including Tim Geithner, Lawrence Summers and other insiders- and Elizabeth Warren. Alex Thompson
notes that Senate Minority Leader Harry
Two days later, Cramer remarked (at :21) "There are people who say 'how can you put her on- how can you' as if she's some sort of pariah. She's a Senator of the United States of America."
Politico's Thompson quotes one individual working with Warren during the Obama period (but not on her campaign) charging "Obama called the bankers fat cats once and spent seven years feeling bad about it." By contrast, Cramer's colleague maintains Warren is "a very serious, rigorous person... somewhat relentless- strong characteristic for people who achieve things."
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Reid, who appointed Warren to the (TARP) oversight panel and has
been an admirer of her presidential run, says he thought Warren clashed so
fiercely with Geithner and Summers in part because she understood financial
markets well enough that they couldn’t condescend to her.
“One thing about her conversations with Summers and with
Geithner, they couldn’t talk over her head,” says Reid, adding that Summers, a
former Treasury secretary and president of Harvard University, wasn’t used to
that. “I met with Summers many, many times and, frankly, he talked about a lot
of things I didn’t quite comprehend. But with her, that wasn’t the case.”
Negotiating with a President who understands the business of
business is not Wall Street's idea of a wet dream, nor something the
titans of the universe are used to. However, that's only one reason CNBC's Jim
Cramer says (beginning at 1:39 below) "I don't know what's going to
happen. Look, when you get off the desk and talk to executives, they're more
fearful of her winning- look, I've never heard anybody say (i.e., of anyone
else) 'look, she's got to be stopped, she's got to be stopped.'"
Two days later, Cramer remarked (at :21) "There are people who say 'how can you put her on- how can you' as if she's some sort of pariah. She's a Senator of the United States of America."
Politico's Thompson quotes one individual working with Warren during the Obama period (but not on her campaign) charging "Obama called the bankers fat cats once and spent seven years feeling bad about it." By contrast, Cramer's colleague maintains Warren is "a very serious, rigorous person... somewhat relentless- strong characteristic for people who achieve things."
While there have been presidents- Obama and Bill Clinton
included- who were "smart as a whip," hardly anyone would describe
these guys as "relentless."
Thompson quotes also David Axelrod,. President Obama's
campaign strategist and adviser, warning "the one thing you need to know about
Elizabeth Warren is that you don't get from Norman, Oklahoma, to where she is
right now and take the journey she took without a steel spine and
indefatigability."
Wall Street executives now know what they've suspected for a
long time, and Mitch McConnell learned early in the Trump presidency.
Confronted by opposition, the junior senator from Massachusetts is determinedand relentless, and will not back down. No doubt they have reason to consider her a "pariah."
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