Warren Asks the Fed to Reconsider Approval of Capital One-Discover Merger
Democratic lawmakers Warren and Waters urge Federal Reserve to reconsider Capital One-Discover merger, citing potential harm to consumers and financial system.
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I wonder how much she was paid to push the merger or does she hold stock that would go up in value if the merger happened?
"This decision will inflict serious harm on consumers and merchants, especially low-income consumers and small businesses," wrote Democratic Sen. Elizabeth Warren and Rep. Maxine Waters.
Literally the quote at the top of the article. Way to fail at even opening it and glancing at it.
Warren is one of my senators, and she's pretty pro-consumer. I'd argue it's her primary platform. She proposed and champions the CFPB and consistently calls for oversight and regulations on companies. I doubt it's stock related or anything nefarious.
Title is a bit off, but she's opposing the merger.
From the article:
Democratic Sen. Elizabeth Warren of Massachusetts and Democratic Rep. Maxine Waters of California are urging the Federal Reserve to reconsider its approval of an impending merger between Capital One Financial Corporation and Discover Financial Services, a tie-up that critics have warned could harm consumers.
It is bad writing. That paragraph (and the title) makes it sound like it was considered in the past and they are asking that it be considered again.
I completely agree with that, but by the second paragraph it's clear.