She gave a barnburner of a speech yesterday:
Speaking at the liberal Economic Policy Institute, Warren cast her opposition to Weiss as part of a bigger battle against the influence of the finance industry in Washington.
“Why does the revolving door matter?” she said. “Because it means that too much of the time, the wind blows from the same direction. Time after time in government, the Wall Street view prevails, and time after time, conflicting views are crowded out.”
Warren also continued to make the case for why Weiss specifically should not be confirmed. She said Weiss’ defenders haven’t shown that his experience as Lazard’s head of global banking prepares him for a job focused on domestic markets and financial regulation. She railed against his ties to Wall Street as “a corporate deal maker” and stood by her criticism of the Obama administration for selecting too many bankers for government posts.
“For me, this is one spin of the revolving door too many,” Warren said. “Enough is enough.”
Warren said the undersecretary job entails more than just peddling U.S. Treasuries to foreign investors and that Weiss would play a key role in crafting policy.