President-elect Joe Biden and Vice President-elect Kamala Harris have named their agency review teams. Below is the full list of names the transition team has announced:
Nice mix of people. Itâs a shame they wonât be allowed to do their jobs unless and until Team Biden files a lawsuit seeking emergency injunctive relief.
Safe to say that nobody was dragged into it against their will, but a handful of them are on the Transitionâs payroll if youâre really getting at whether theyâre being paid.
While I donât know any of these people, I already know theyâre uniformly smart, competent, public-spirited, and above-board. What a refreshing change to have real transparency in our government, instead of having the Fox guard the henhouse.
Trump is also providing a list which will be bigger with more beautiful and richer people, the best!, but first heâs going to focus on fighting all the illegality that allowed Democrats (Democrats!!) to vote and, oh yes, infrastructure week.
Federal Reserve, Banking and Securities Regulators
Gary Gensler, Team Lead â [MIT] â Volunteer
Some background:
It might seem surprising that Hillary Clinton picked a former Goldman Sachs guy to manage her campaign finances as CFO and advise her on economic policy, considering all the criticism she gets over her Wall Street ties. But Gary Gensler is no ordinary veteran of the âGovernment Sachsâ cabal. By his own admission, Gensler underwent a major transformation from a Goldman Sachs executive and Rubinite (part of the group of loyalists around former Treasury Secretary and Goldman chief Robert Rubin who deregulated Wall Street in the 1990s) to a true believer in regulation following the 2008 financial crash. âAll of us that were involved at the time, and certainly myself, should have done more to protect the American public through aggressive regulation,â he said shortly before he became chairman of the Commodity Futures Trading Commission in the Obama administration, where he would earn praise from liberals for cracking down on derivatives trading.
This year [2016], Gensler, a close ally of Senator Elizabeth Warren, was instrumental in producing what even Bernie Sanders called âthe most progressive platform in the history of the Democratic Partyââespecially when it came to Genslerâs specialty, Wall Street reform. Among the progressive ideas on the platform are a financial transactions tax to curb excessive speculation, and a possible restoration of rigid Glass-Steagall banking restrictions.