Sen. Joe Manchin (D-WV) added his name to the list of senators agreeing with Sen. Elizabeth Warren (D-MA) in opposition to Lazard banker Antonio Weiss for undersecretary of the Treasury for domestic policy.
Manchin announced his opposition in a speech on Wednesday afternoon.
“I rise today to explain why I must oppose the nomination of Wall Street investment banker, Antonio Weiss, for Under Secretary for Domestic Finance at the Department of Treasury,” Manchin said. “I cannot and will not support his nomination because I do not believe he possesses the characteristics and the background we need in an Under Secretary to push for strong Wall Street oversight and to protect our small businesses and financial institutions on Main Streets across America.”
Manchin’s announcement follows Sen. Jeanne Shaheen (D-NH) earlier in the day also announcing her opposition to Weiss.
Sens. Dick Durbin (D-IL) and Bernie Sanders (I-VT) also oppose Weiss.
Arguably, Warren has been the loudest opponent of Weiss, who was nominated by the Obama administration. Warren argues that Weiss’s background at Lazard and his involvement in the corporate tax inversion merger between Tim Horton’s and Burger King proves that he would just be the latest banker to benefit from the revolving door between Washington D.C. and Wall Street.