EXCLUSIVE: Hillary Clinton Said to Hire Former Wall Street Cop as Campaign CFO

[okaawhatever]

Hillary Clinton is planning to name Gary Gensler, a former top federal financial regulator and strong advocate for strict Wall Street rules, as the chief financial officer of her campaign, according to a Democrat familiar with the decision.

Gensler, in his role as chairman of the Commodity Futures Trading Commission, was a leading player in the drafting and then implementation of the Dodd-Frank Act, the financial rules that President Barack Obama signed into law in 2010 in the wake of the worst financial crisis since the Great Depression. Gensler also served in President Bill Clinton's Treasury Department.

For Clinton, who has been fighting her left flank’s concern that she is too cozy with Wall Street, Gensler is a notable hire. He became known as someone with sharp elbows —even during his negotiations within the Obama administration—in his push for tighter regulation.

Clinton's campaign does not comment on personnel decisions before they are finalized. A phone and e-mail message to Gensler weren't immediately returned.

Continued at Link:

http://www.bloomberg.com/politics/articles/2015-04-16/exclusive-hillary-clinton-said-to-hire-former-wall-street-cop-as-campaign-cfo

[djean111]

1. Um, what is so awesome about this? Of course she would not want a Wall Streeter to

guard HER CAMPAIGN MONEY. Her campaign appointments have nothing to do with who she would appoint if she became president.

[pnwmom]

3. Not true. People appointed in campaigns often go on to important positions in an Administration.

If true, this is an excellent appointment.

[RiverLover]

2. FYI

Treasury Department

Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Institutions from 1997-1999, then as Undersecretary for Domestic Finance from 1999-2001. As Assistant Secretary, Gensler served as a senior advisor to the Secretary of the Treasury in developing and implementing the federal government's policies for debt management and the sale of U.S. government securities.[10]

As Undersecretary of the Treasury for Domestic Finance, Gensler advised and assisted Treasury Secretaries Robert Rubin and Lawrence Summers on all aspects of domestic finance, including formulating policy and legislation in the areas of financial institutions, public debt management, capital markets, government financial management services, federal lending, fiscal affairs, government sponsored enterprises, and community development.[10]

While serving at the Treasury Department, Gensler was awarded the agency’s highest honor, the Alexander Hamilton Award, for his service.[7]

http://en.wikipedia.org/wiki/Gary_Gensler

Just another cog in the wheel that undid Glass-Steagall & contributed to the Great Recession of 2008.

[pnwmom]

4. Congress undid Glass-Steagall, not the Assistant Secretary.

[RiverLover]

6. "cog in the wheel"

the idiom seems to allude you. Influential, a contributor.

Also see~

While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the Post-Soviet states, and in the deregulation of the U.S financial system, including the abolishment of the Glass-Steagall Act. wiki

[pnwmom]

7. That was Summers. They are two different people. n/t

[Ruby the Liberal]

5. I don't know that I would herald Dodd-Frank as a breakthrough

Reinstate Glass-Steagall and we can talk. Dodd-Frank was a bandaid on a machete wound.