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General News    H2'ed 11/13/20

Biden signals Wall Street crackdown with transition picks

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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 former 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:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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