The war of wrong continues.
Sen. Elizabeth Warren hit back at President Barack Obama in an interview published on Monday, saying she is justified in her criticism of trade negotiations that she believes could undermine the Dodd-Frank financial reform law.
The tit-for-tat comes after Obama over the weekend again asserted that Warren is “absolutely wrong” in arguing that fast-track authority for trade deals could be a boon for Wall Street.
Warren, in an interview with the Washington Post, said fast-track authority gives a future Republican president a better path for undermining financial reforms because it would only require 51 votes in the Senate instead of 60.
She also said Dodd-Frank can be undercut through other measures besides straight legislation, such as international agreements on capital standards and leverage ratios.
“It’s possible to punch holes in Dodd-Frank without directly repealing it,” she said.
Warren and Obama have been long-time allies in public on consumer issues, but the trade deal has seemingly eroded their relationship.
SOURCE: KAREY VAN HALL