Thursday, January 5, 2017

WSJ: "SEC Pick is Attuned to Needs of Wall Street"


Dave Michaels and Liz Hofman (2017, January 5). SEC Pick Is Attuned to Needs of Wall Street. The Wall Street Journal, B1

Donald Trump's nomination of veteran Wall Street lawyer Jay Clayton to lead the Securities and Exchange Commission is expected to end the streak of aggressive regulators and litigators overseeing the country's top market cop.

Clayton, whose clients have included Goldman Sachs Group Inc. and Barclays PLC, adds another figure with deep industry ties to President-elect Donald Trump's incoming administration....

I've posted previously about the sheer volume of Wall Street insiders being appointed by Trump
(see http://majiasblog.blogspot.com/2016/12/the-rise-of-neo-mercantilism-and-trump.html

and http://majiasblog.blogspot.com/2016/12/united-states-of-goldman-sachs-wall.html).

There is clearly no effort here to "drain the swamp." In fact, the opposite seems to be occurring....

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