Senator Elizabeth Warren is not taking the attack on her by Third Way lying down. In an open letter to the CEOs of the Too Big To Fail Wall Street banks responsible for the financial crisis of 2008, Senator Warren asks that they disclose their connections to think tanks like Third Way. That way the public will know who is paying the bill for Third Way’s attack on Warren and those asking for economic justice.
Dear Mr. Dimon, Mr. Moynihan, Mr. Corbat, Mr. Stumpf, Mr. Blankfein and Mr. Gorman:..
I am writing to encourage you to voluntarily disclose financial contributions your institutions make to think tanks. In my view, policies by your institutions to conceal those contributions from public view are wrong. Greater transparency will benefit your shareholders, policymakers, and ultimately, the public.
In other words, if you want to destroy me, own it. Don’t cowardly hide behind front groups like Third Way, do your own dirty work. Which will surely scare the banksters because working for a living is not what they signed up for.
When you use corporate resources to support think tanks there are only two possible outcomes from public disclosure – those contributions do not influence the work of the think tanks or those contributions do influence the think tanks’ research and conclusions. Either way, shareholders have a right to know how corporate resources are spent, and, even more importantly, policymakers and the public should be aware of your contributions and evaluate the work of the think tanks accordingly.
So it seems Warren isn’t interested in playing DC’s favorite game where you only fence with the courtiers and agents of power – she went to the source. Sounds like a certain movement I can think of. Occupy the Puppet Masters.
Maybe Wall Street will think twice about ordering their agents like Third Way to try and shiv those fighting for more 99% friendly economic policies. Or maybe they won’t and we can all continue to enjoy watching the light shine on the cockroaches.
But for those keeping count of the DC game so far:
Warren 1, Third Way 0.
Photo by US Senate under public domain.