Interesting. Is Hillary Clinton giving in to Elizabeth Warren? Or is it a ruse?
[font size="+2"]Elizabeth Warren Democrats should cheer Hillary Clinton's latest big hire[/font]
Updated by Matthew Yglesias on April 17, 2015, 11:30 a.m. ET
On Thursday, Hillary Clinton wrote a love letter in Time magazine to Elizabeth Warren. But what she did next is even more important for the faction of the Democratic Party that's passionate about tightening the screws on Wall Street: she hired Gary Gensler as her campaign's chief financial officer.
Who is Gary Gensler?
Gensler is a former banker at Goldman Sachs who became an unlikely hero of the financial reform movement during his stint as chair of the Commodity Futures Trading Commission.
Viewed biographically, Gensler is an example of the revolving door between business and government — he was a Goldman exec who was handed a huge job regulating his former colleagues. But he was much tougher on the financial industry than Obama administration officials like Tim Geithner and Larry Summers.
• Gina Chon of the Financial Times led her article about Gensler stepping down with the observation that he is "regarded by some as one of the toughest regulatory cops policing Wall Street."
• Tom Ashbrook of NPR called him "a hero to those who call for a crackdown on Wall Street."
• Ben Protess of the New York Times wrote, "Even as Mr. Gensler’s aggressive streak thrust the once-backwater agency into the front lines of reform, it also maddened colleagues and complicated his legacy."
In the course of gaining this reputation for regulatory toughness, Gensler made a lot of enemies in the mainstream of the Obama economic team. Part of what reformers liked about him was that he was willing to fight with other stakeholders in the administration and wasn't afraid to dish about those fights to reform-minded journalists. To the White House and the Treasury Department, this was doubly infuriating. To Gensler's fans, the low esteem in which he was held by his colleagues made him that much more heroic.
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http://www.vox.com/2015/4/17/8442293/gary-gensler-hillary-clinton
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will be reading the posts from the anybody but Hillary folks telling us that what progressive thing she just said or did really didn't happen.
