In a win for Elizabeth Warren and progressives, President-elect Joe Biden announced Monday he is tapping Gary Gensler to lead the Securities and Exchange Commission. Gensler made few friends, and plenty of enemies, during his time as an Obama regulator. As chairman of the Commodity Futures Trading Commission, Gensler helped craft the Dodd-Frank financial reform law that the industry loudly opposed. Gensler then moved to swiftly implement Dodd-Frank much faster than other regulators.
Cohen, a former SEC official who worked with Gensler during the Obama administration, called Gensler"extremely smart and confident," but warned he may face legal obstacles ahead."The courts are far more conservative than they were four years ago," said Cohen, alluding to Trump's appointment of many pro-business judges."There will be more successful challenges to aggressive enforcement and rulemaking.
Well if anyone can smell out a their fellow man, a full blooded American Indian princess sure can.
Oh... an indian..oh wait never mind...she lied about that.
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