Courtesy of Pam Martens
Senator Sherrod Brown
On January 7, Senator Sherrod Brown of Ohio, the Ranking Member of the Senate Banking Committee, released a statement indicating that he is to become the new Chair of that Committee. The announcement came as the Democrats are set to take control of the full Senate from Republicans as a result of the Georgia runoff.
Yesterday, Brown went a step further and held a conversation with major media outlets to discuss the agenda he will set as the new Chair of Senate Banking. The formal appointment process making Brown the official Chair has yet to occur, thus Brown is the “presumed” Chair.
We get the feeling that Senator Brown took the very wise and preemptive step of getting mainstream media to announce his Chairmanship yesterday because he clearly understood that Wall Street’s mega banks would be fighting behind the scenes in an effort to prevent him from advancing to Chair.
Wall Street despises Brown because he has an institutional knowledge of their patterns of crimes against the public and the regulations that they have succeeded in getting the Trump administration to gut in order to make those crimes evermore opaque and lucrative.
Brown has served on the Senate Banking Committee since he was elected to the Senate in 2006. Brown became a Senator after representing Ohio’s 13th Congressional District in the House for 13 years. Brown has spent more than four decades in public service, serving as Ohio’s Secretary of State from 1983 to 1991 and, prior to that, as a State Representative in Ohio from 1974 to 1982.
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