Trump to tap Wall Street lawyer, Jay Clayton, to head SEC

[Blue Shoes]

This discussion thread was locked as off-topic by DonViejo (a host of the Latest Breaking News forum).

Source: WSJ

President-elect Donald Trump announced on Wednesday that he will nominate Wall Street lawyer, Jay Clayton, to head the Securities and Exchange Commission.

As chair of the SEC, which polices Wall Street and the financial markets, Clayton would play a key role in Trump's efforts to usher in a period of deregulation, including undoing parts of 2010’s financial reform legislation, known as the Dodd-Frank Act.

Read more: https://www.washingtonpost.com/news/wonk/wp/2017/01/04/trump-to-tap-wall-street-lawyer-jay-clayton-to-head-sec/?utm_term=.49d14349acf1

[gordianot]

1. .....When is Assange going to be named head of the NSA?

[bucolic_frolic]

2. Impeachable offenses

everything he does

[exboyfil]

3. Fox meet henhouse

Gorge yourself until the financial markets are again in crisis. Then go with hat in hand to the American taxpayer to bail your ass out.

Rinse and repeat.

[Blue Shoes]

4. It is getting a bit predictable. nt

[TeamPooka]

5. Flood that Swamp!

[riversedge]

6. Trump Nominates Wall Street Lawyer to Enforce Laws on Wall Street

Better title



Trump Nominates Wall Street Lawyer to Enforce Laws on Wall Street
http://nymag.com/daily/intelligencer/2017/01/trump-picks-wall-street-lawyer-to-enforce-wall-street-law.html

By Jonathan Chait

Donald Trump wants the Securities and Exchange Commission to be run by a Wall Street lawyer.Photo: JIM WATSON/AFP/Getty Images

Donald Trump won Midwestern swing states in large part by using disaffection with Wall Street as a wedge, both to discredit his opponent as an alleged Wall Street stooge, and to position himself as a populist outsider. “There is a simmering, burning anger with the progressive Left about the Clintons, about their corruption, their ownership by corporatism, their ownership by Wall Street and investment banks,” boasted Steve Bannon during the campaign. “By the way, not one Wall Street bank is here at this convention paying for anything.”

Maybe not, but they’re getting a lot of favors in return. One of the biggest is the appointment of Jay Clayton to head the Securities and Exchange Commission. Clayton, a Wall Street lawyer, has represented large financial firms, including the dreaded Goldman Sachs. He will replace Mary Jo White, who oversaw vigorous enforcement. “Drain the swamp” continues to be one of the greatest cons in the history of presidential campaigns...............

[Eugene]

7. Another Goldman Sachs swamp critter.

Make America crash again.

[DonViejo]

8. Locking...

Duplicate: http://www.democraticunderground.com/10141655071