Left-wing groups slam Biden’s treasury candidate for work for Exxon, Wall Street

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Left-wing groups are urging the Biden administration to reconsider the president’s candidate as the Treasury Department’s top lawyer because of his ties to the fossil fuel industry, Wall Street and Big Tech.

In letter dated Wednesday to Treasury Secretary Janet Yellen Janet Louise Yellen On money: Jobs remained at record 9.2 million in May | Biden to issue executive order to restrict non-compete clauses | Senior Republican Reports Early Resistance to Global Tax Deal Top Republican Reports Early Resistance to Global Tax Deal The Hill’s Morning Report – Cheney “honored” to serve on select committee Neil MacBride as Treasury counsel.

As a private corporate attorney, MacBride has defended fossil fuel companies, Wall Street giants, big tech monopolies and a myriad of other industries, they wrote.

His past work vigorously and successfully fighting on behalf of business against the public interest disqualifies him from a role in administration. We call on the Biden administration to withdraw his appointment and appoint a qualified and committed civil servant in his place, the groups added, which include the Sierra Club, the Catholic Network US and the Future Coalition.

They particularly highlighted MacBrides’ portrayal of ExxonMobil in a lawsuit against the Treasury Department that overturned a penalty imposed on the company after it allegedly violated foreign sanctions.

The organizations also highlighted the work he did for Facebook and Wells Fargo, as well as his representation of Morgan Stanley in its settlement with the federal government for not disclosing information about the quality of the mortgages it has. sold.

MacBride, the White House and the Treasury Department did not immediately respond to The Hills’ request for comment.

MacBride was also Biden’s chief attorney on the Senate Judiciary Committee and was U.S. attorney for the Eastern District of Virginia during the Obama administration.

Last year he came under a similar scrutiny from progressives when it was announced he would be part of Biden’s transition team tasked with reviewing the Justice Department.

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