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RandySF

(57,610 posts)
Tue Mar 31, 2020, 04:58 PM Mar 2020

Elizabeth Warren to Trump and Mnuchin: We're watching you

In one of the least surprising moves ever, President Trump declared barely moments after Congress sent him its $2 trillion economic rescue package that he would not abide by a key restriction on all the money it contains for bailing out businesses.

Trump announced that he saw no legal obligation to cooperate with an inspector general created by the new law to audit how his Treasury Department hands out some $500 billion in funds — immediately reviving the worst fears of progressives that Trump would treat the bailout money like a slush fund to hand out to misbehaving corporations.

Into this breach is stepping Sen. Elizabeth Warren. In a letter to Treasury Secretary Steven Mnuchin, the Massachusetts Democrat seeks to put Trump and Mnuchin on notice, in a novel way that will bear watching.

At stake is whether true public need will be served by this massive rescue effort, or whether Trump, Mnuchin and big corporations will hijack it to their benefit even as the rest of the country endures extraordinary hardship amid a horrific public health emergency and a brutally punishing recession.


https://www.washingtonpost.com/opinions/2020/03/31/elizabeth-warren-trump-mnuchin-were-watching-you/

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Elizabeth Warren to Trump and Mnuchin: We're watching you (Original Post) RandySF Mar 2020 OP
Warren and Katie Porter know every trick the financial industry uses. blm Mar 2020 #1
It is reassuring to know those two are on the job! Hermit-The-Prog Mar 2020 #3
Her warning will give Trump the challenge to get by with murder in financial crime. Frustratedlady Mar 2020 #2

blm

(112,919 posts)
1. Warren and Katie Porter know every trick the financial industry uses.
Tue Mar 31, 2020, 05:26 PM
Mar 2020

And they anticipate the new ones.

Frustratedlady

(16,254 posts)
2. Her warning will give Trump the challenge to get by with murder in financial crime.
Tue Mar 31, 2020, 05:50 PM
Mar 2020

I'm sure he's been there/done that and will pull all the tricks out of his bag. No pun intended.

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