Financial Regulation: Wall Street Takes Washington

Jan 25

From: The Wall Street Journal

By Jacob M. Schlesinger and Henry Williams

A new crowd of deregulating Wall Streeters take power in Washington under President Donald Trump, as they prepare to freeze, then undo, Obama-era rules. The Obama administration ends with a flurry of enforcement actions, an attempt to close the books on crisis-related cases. The consumer finance watchdog—a frequent target of Republicans—digs in, and prepares to fight back. Overseas, Chinese officials scramble to keep their financial system under control.

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1) Team Trump’s Wall Street Hands
President Trump continues to turn to Wall Street veterans to oversee Wall Street, many tied to Goldman Sachs Group Inc., a firm he attacked on the campaign trail. His choice to run the Securities and Exchange Commission has been a Goldman lawyer. His team is considering a Goldman managing director to be the Treasury’s financial policy point man. He’s also eyeing two veterans of the George W. Bush administration to round out key positions at the Federal Reserve and Treasury.

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