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Lazard's Antonio "Tax-Inverter" Weiss Withdraws Treasury Nomination (But End-Arounds Senate For 'Counsel' Role)
It appears Lazard's investment banker Antonio Weiss' "help" in tax inversions was just too 'unpatriotic' to scare President Obama off at the last minute.
- *ANTONIO WEISS SAID TO WITHDRAW NAME AS TREASURY NOMINEE
- *WEISS SOUGHT TO AVOID LENGTHY CONFIRMATION PROCESS (how thoughtful?)
The White House exclaimed "opposition to Weiss was unjustfied," so perhaps it was his $203 million in assets just would not have played well with Obama's new vision for the future. However, he has managed to get a position as "counselor" - which does not require Senate approval.
- *WEISS WILL BE COUNSELOR TO TREASURY SECRETARY: WHITE HOUSE
As Bloomberg reports,
Antonio Weiss removes himself from consideration as Treasury’s undersecretary of domestic finance, according to a White House statement.
Weiss, head of investment banking for Lazard, to join Treasury Dept as counselor to Sec. Jack Lew, spokeswoman Jennifer B. Friedman says in statement
Counselor position doesn’t require confirmation by Senate
“We strongly believe that the opposition to his nomination was not justified, and we are confident that he will prove himself to be a dedicated, talented, and effective public servant,” Friedman says
Weiss faced criticism from some lawmakers, including Sen. Elizabeth Warren, D-Mass., about his work on inversions in job at Lazard
A big loss for Obama/Dems... as we noted before...
A little color on the nominee... (via LittleSis)
President Obama's nomination of Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department has been met with opposition from MA Senator Elizabeth Warren and the Independent Community Bankers of America trade group. In a piece for the Huffington Post Warren wrote:
One of the biggest and most public corporate inversions last summer was the deal cut by Burger King to slash its tax bill by purchasing the Canadian company Tim Hortons and then "inverting" the American company to Canadian ownership. And Weiss was right there, working on Burger King's tax deal. Weiss' work wasn't unusual for Lazard. That firm has helped put together three of the last four major corporate inversions that have been announced in the U.S.
And like those old Hair Club commercials used to say, Lazard isn't just the President of the Corporate Loopholes Club -- it's also a client. Lazard moved its own headquarters from the United States to Bermuda in 2005 to take advantage of a particularly slimy tax loophole that was closed shortly afterwards. Even the Treasury Department under the Bush administration found Lazard's practices objectionable.
A quick glance at Lazard's profile on LittleSis shows several alumni who have taken a spin through the revolving door to/from the Treasury.
Weiss is a major Obama donor and bundler, having personally given $95,400 to Obama's campaigns since 2007. That total includes Weiss and his wife, Susannah Hunnewell's attendance at Obama's $35,800-a-plate fundraiser dinner in March 2012.
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"However, he has managed to get a position as 'counselor' — which does not require Congressional approval."
In other words, "Don't worry, buddy, you're still in the Big Club."
NEXT(jew)!
Corzine's out of work and out of jail.
Meet the new boss
Same as the old boss
< "Counselor"
< "consigliere"
Goodbye you lying cocksucker. We will not miss seeing your signature on our fiat currency.
[jew] bloodsucker, ouch!!!!!
"Weiss and his wife, Susannah Hunnewell's attendance at Obama's $35,800-a-plate fundraiser dinner in March 2012. "
http://money.cnn.com/2014/08/20/news/economy/median-income/
"Median household income has been on the rise for the past three years, climbing 3.8% to $53,891 in June, according to newly released data by Sentier Research. It's yet another indication that the economic recovery is taking hold.
But Americans have yet to fully heal from the Great Recession, which officially ended five years ago. Median income remains 3.1% below its June 2009 level of $55,589. That's in large part because unemployment remained high in the early years of the recovery, according to Sentier. "
Weiss attended Yale College, Harvard Business School, and is a member of the Council On Foreign Relations.
Weiss and his wife spend more on one meal with Barack than the gross median yearly income of most Americans.
It IS a BIG CLUB and You ain't in it.
was this Treasury job posting ever published @jobs.gov?
It's ot a job, it's a looting
Going into "Public Service" at Treasury means a tax-free redistribution of your personal estate. He probably has a ton of Lazard stock - now in employ of Treasury, he gets to sell his Lazard (and any other asset) tax-free so as to avolid any "potential conflict of interest" while working at Treasury.
Hank Paulson was the biggest recent benefactor of the tax-free estate planning - $500 Million estate was the whisper.
NoVa
+100 NoVa.... the job isn't done until you get the tax break. Its better for tax payers just to let them trade on inside knowledge
What are you saying?
Are sales for "potential conflict of interest" tax-free?
Or are you saying they can become tax-free via internal manipulation.
I researched, but was just overwhelmed with the unrelated responses.
The banksters need to repay us.
Short Term Capital Gains, Long Term capital Gains for the Tax Year.
Probably you can even sell off mutual funds, Index Funds, and explain it as just being as conservative as possible.
Pretty Broad. But I am shit with Taxes & Shittier with Financial Stuff evidenced by my losses.
I am saying that IF the portfolio is able to be sold tax free under current regulations. Better to let the dude run $200MM to $400MM on inside info while at UST and at least tax the gains. I was being sarcastic.
I see your avatar is the Gadsden flag which has, "Don't tread on me" written upon it.
I have always been intrigued by that curious choice of words, especially "tread." Recently I got to thinking about it, and then with all of the recent talk about the gun and badge thugs' treason and tyranny against the people, I realized that "tread" is the most apropos word that could have been selected. And is actually pure genius.
If it commanded, "stay back," or "stay away," or "leave us alone." the hidden essence of the message would have been lost. That essence is the fact that to have one's Life, Liberty, and/or Property violated requires someone to aggress against you--to tread upon you and/or yours. The pols, and crats can initiate all the tyranny they like, but it takes a willing thug in the field to implement it by treading upon the people and their rights.
The banksters need to repay us.
I'm a snake with AK and AR fangs.
Interesting how the global oil price is collapsing and the fake war on terrorism is rising.
Oh.. just you wait till the next phase of operation chaos gets going, when physical things start blowing up, and the plebs start demanding protection from .gov.
Interesting indeed
Never realized the US department of the treasury had so many....German surnames representing us here in the good ole United States of Socialist America..
"German surnames"?!
Actually Zionist (The Amongst) surnames.
The banksters need to repay us.
The Amongst among us that are not of us.
when are the aliens coming?
enquiring minds want to know...
I've got Roddy Piper glasses.
The banksters need to repay us.
First time I saw that movie was in 1990. Thought it interesting. Now I see it as either a warning, or an inside joke laughing at me. Not sure which.
"It's a joke. It's all a joke. Mother forgive me?"
Yeah, there is a sub-category of German sounding surnames.
- Even the Jews behind the Bolsheviks and Mensheviks had sort of Slavic sounding names, I mean it seems like it was common for people like the Rothschilds to adopt a German Sounding Name... I don't think anyone knows the original name for Rothschilds.
Random Survey of Communist Intellectuals in Russia before the Revolution:
Leon Trotsky was born Lev Davidovich Bronshtein the fifth child of eight of well-to-do Jewish farmers. Attended German School in Odessa. During periods of exile and imprisonment, he gradually became a Marxist. Instead of pursuing a mathematics degree, Trotsky helped organize the South Russian Workers' Union in Nikolayev in early 1897.
Julius Martov or L. Martov real name Yuliy Osipovich Tsederbaum a Russian politician, leader of Mensheviks, born to a Jewish middle-class family in Constantinople
Georgi Valentinovich Plekhanov a founding father of Russian Marxism and a philosophical thinker. Georgi's father, Valentin Plekhanov, was a member of the hereditary nobility of Tatar ethnic heritage.
Fyodor Ilyich Dan, one of the founding leaders of Menshevism. Fyodor Dan was born to a Jewish family in St. Petersburg. His original surname was Gurvitch. in 1915 when he agreed to serve in the Army as a surgeon.
Irakli (Kaki) Tsereteli, a Georgian politician, one of the leaders of the Russian Social-Democratic Labour Party and later the Georgian Mensheviks.
Irakli Tsereteli, born in western Georgia, in the family of a radical writer Giorgi Tsereteli, of the noble family of Tsereteli, and Olympiada Nikoladze, sister of the journalist Niko Nikoladze. He studied law at Moscow University
Vladimir Ilyich Lenin; born Vladimir Ilyich Ulyanov, Lenin's father, Ilya Nikolayevich Ulyanov, came from a serf background but had studied physics and maths, Lenin's mother, Maria was the daughter of a Russian Jewish physician
If Zionism isn't a real hidden force, then why all the name hiding?!
Why is John Kohn now John Kerry?!
The banksters need to repay us.
John Kohn, sounds German or could be Jewish. Wow.
- Why did his family change their name.
- Why does the government or military ask if you haves changes=d your name and who your grand parents are... maybe since General Greenberg is influential, and may have had a family name change in the descendants.
secret society maggots are crawling out of the woodwork these days
Same as it ever was.
Going way out on a limb here, the next appointee will have a tie to Goldman..... Just saying.....
And why does Obama need an "inversion" expert? Is he planning on merging the USSA with the UN and then transferring ownership of the sheeple to the UN?
Who's the guy from Hawaii again?
I mean everyone of these clowns is jailbait.
'Antonio Weiss'...?
Is that like - 'Tanto Goldstein'...?
Well done Liz Warren !
I'd prefer her to Clinton. And to all the other blokes who've tipped their hats so far for 2016.
Not that any of it matters...
Yup, time for a Native American president.
hey u don't think she is on to the inside network in banking and government?
Man, I see ads for Jewish lawyers, maybe that is what I need, maybe the run everything, I mean they got government, banking, politics, media, Hollywood,... they seem smarter than the rest of us but could be the don't teach health, law, philosophy, in our open society.
It is a control. Control technology from Sumeria, then ingratiate yourself into government... military, priesthood, government... agriculture, animal husbandry, metallurgy, mining, bitumen...
just family dynasty stuff...
If you want to buy jewelry, PM, coins,... go to a shop or Pawnshop... well who is in power?
Seriously, I probably needed a Jewish Lawyer like the last 6 years.
In through the backdoor.
Some of us should really start to think about suing the regime for ethnic discrimination.
"Goy lives matter!"
The banksters need to repay us.
someone posted list of fed members who were Jewish, so I know what u mean.
http://thezog.wordpress.com/
Out of date, but still very accurate.
The banksters need to repay us.
Does an "Under Secretary for Domestic Finance at the Treasury Department" get the same portfolio realignment advantages as the Treasury Secy appointee?
Ever wonder why a person would leave the Zeusian position of CEO of GS to go work 2 years for a lame duck President?
Hank Paulson, when he was appointed as the Treasury Secy for the lame duck President Bush, was entitled to totally restructure his then $800mm wealth portfolio, which at that time was predominately GS stock, on a 0% capital gains tax basis.
Yeah there is that, but if we look at Timmy Geithner... maybe he had a breakdown, maybe he had a family member in trouble, maybe he need to work on his marriage.
Figure a government top post after Iraqi War in Treasury... would be a back-water assignment.
Typically these Elite Scum would block investigations, block changes, block new regulation changes, block new policy, block all audits and grievances.
- You know an Old Boy Network Position
Since the Fed had 3 in a row, Treasury has to as well?
Same as the Deputy Sc, and all 3 undersecs.
Good grief.
Here's an ironic thought: Zerohedge has a anti-discrimination policy. However, to discuss much of the malaise within the DC US government, one has to discuss Jews because of their preponderance within the highest ranks of the empire.
Catch-22.
The banksters need to repay us.
Changing my name too