President-elect Joe Biden’s transition
team has recruited a who’s-who of Wall Street critics to help launch
his administration, the latest indication that the days of light-touch
bank regulation under President Donald Trump are coming to an end.
Leading the transition’s preparation
to run financial regulatory agencies is Gary Gensler, an Obama-era
regulator — and former top Goldman Sachs executive — who enraged big
banks by imposing sweeping new rules on the industry in the wake of the
2008 financial crisis.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)