Gensler Staring Down Administration and Banks on Derivatives Reform
Yves here. Readers may recall that Gary Gensler, the head of the Commodities Futures Trading Commission, is being pushed out by Obama. His planned replacement is so appallingly lightweight (oh, and formerly in a very junior role at Goldman) as to assure that all she’ll be able to do is take dictation from financial firm lobbyists.
But Gensler may be having a last laugh before he leaves office.
Read more...