Trump administration cuts dozens of staff at financial markets watchdog: source

[demmiblue]

Source: Reuters

WASHINGTON (Reuters) - The Trump administration moved on Wednesday to drastically shrink a government agency tasked with identifying looming financial risks, notifying around 40 staff members they would be laid off, according to a person familiar with the changes.

The employees at the Office of Financial Research (OFR) were told on Wednesday they will lose their jobs as part of a broader reorganization of the agency previously announced by the Trump administration which has pledged to slash financial regulation.

Read more: https://www.reuters.com/article/us-usa-ofr-cuts/trump-administration-cuts-dozens-of-staff-at-financial-markets-watchdog-source-idUSKBN1KT23O?feedType=RSS&feedName=topNews&utm_medium=Social&utm_source=twitter

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The Office of Financial Research (OFR) is an independent bureau within the United States Department of the Treasury that was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession.[3] Established as a department within the Treasury, the Office is tasked with providing administrative, technical, budget analysis and other support services to the Council and its affiliated agencies.[4]

https://en.wikipedia.org/wiki/Office_of_Financial_Research

[pecosbob]

1. And so the Great Dismantling continues...

[turbinetree]

2. Go fucking figure.............I smell a coming crash................a really big one...............

and a complete bankruptcy of the country as a whole....................just fucking unbelievable...............they attack a agency and then they come back and say, see this agency cannot do its job........well fucking duh.............when you have no one overseeing the shit your causing..................


November 2018 cannot get here fast enough.........................vote.

[LiberalArkie]

3. That its how they did it in Russia.

[Botany]

7. Our Family's banker wants to meet ASAP because some people in the banking and financial market ....

... now see a major crash coming. I think Donny wants to pay back Putin by crashing
our economy. His moves only make sense in that light.

[mahatmakanejeeves]

4. Save this page while you can

Read the biographies of the people who work there.

OFR Leadership - Senior Management Team

Ken Phelan
Acting Director

Cornelius Crowley
Deputy Director and Chief Data Officer

Barbara L. Shycoff
Chief of External Affairs

Matthew P. Reed
Chief Counsel

James Johnson
Acting Chief Operating Officer

Stacey Schreft
Deputy Director for Research and Analysis

John Talbot
Deputy Director and Chief Technology Officer

Leadership Team

Front Office
Ken PhelanDirector (Acting)
Martin Melone Associate Director, Strategy, Governance, and Performance
Robert Peterson Senior Advisor for International Affairs

Data Center
Cornelius Crowley Deputy Director and Chief Data Officer
Traci Hellwig Associate Director, Data Operations
James Martin Associate Director, Data Strategy and Standards (Acting)

External Affairs
Barbara L. Shycoff Chief of External Affairs
Patricia Driver Associate Director, Government and Industry Affairs
William Ruberry Associate Director, Communications

Legal
Matthew P. Reed Chief Counsel

Operations
James Johnson Chief Operating Officer (Acting)

Research and Analysis Center
Stacey Schreft Deputy Director for Research and Analysis
Viktoria Baklanova Associate Director, Current Analysis (Acting)
Jill Cetina Associate Director, Policy Studies
Tammy McLeod Associate Director, Research Business Office (Acting)

Technology Center
John Talbot Deputy Director and Chief Technology Officer
Matthew Graham Associate Director, Technology Strategy
Ray Hardy Associate Director, Information Security and Privacy
Matthew Larimore Associate Director, Enterprise Systems
Mario Nardoni Associate Director, Analytic Systems

OFFICE OF FINANCIAL RESEARCH
U.S. Department of the Treasury
717 14th Street, NW
Washington, DC 20220

Accessibility
Contact us
Careers @ OFR
FOIA
Legal Notices
No FEAR Act
Privacy
Plain Writing
Office of Inspector General
Report Fraud Waste and Abuse
U.S. Department of the Treasury
USA.gov

[They_Live]

5. more obstruction.

every day.

[dalton99a]

6. The destruction continues apace

[Cosmocat]

8. The republican party is a full on, unabashed fascist operation

nm

[Bernardo de La Paz]

9. On the day Chris Collins indicted for insider trading from the WH LAWN. . . . nt

[Ponietz]

10. They double down EVERY single time

[riversedge]

11. More dismantling of Todd Frank. damn I really think it is Trumps personal dig on Sen. Warren.

Not all but trump is vindictive and he hits on anyone he dislikes.

[Snellius]

12. Time to move that 401(k) into Bitcoins?

Welcome back to crash of 2008, suckers.

[BumRushDaShow]

13. "The Office of Financial Research (OFR)... was established by...Dodd-Frank"

...meaning they can't screw with it that much because it was established by law.

[pbmus]

14. The law doesn't matter to these criminals...

[3Hotdogs]

15. Yeah, law or no law, they're dismantling it anyway.