Reuters “reporting” on a Bloomberg story has the article Clinton to name former financial regulator as CFO -Bloomberg.
Bloomberg cited in its report an unnamed Democrat familiar with the decision. Gensler, whose five-year term as the chairman of the Commodity Futures Trading Commission ended in January 2014, came to embody President Barack Obama’s push for Wall Street reforms in the trillion-dollar derivatives market.
A one-time Goldman Sachs swaps trader, he transformed the watchdog from a relatively sleepy agriculture-focused regulator to a powerful overseer of Wall Street.
He proved a polarizing figure with his aggressive interpretation of swaps reforms after the financial crisis, irritating both Wall Street and international counterparts.
Despite, or maybe because of, his Wall Street background, he does seem to have been an effective regulator.
The WikiPedia article on Gary Gensler, has pretty high praise for him. I checked one of the sources referred to in the article which did not expose any holes in the WikiPedia write-up. You can tell that I am skeptical of Clinton’s appointees, so I will wait to hear what William Black has to say. Except for just fining Barclay’s bank over the Libor scandal instead of jailing the offenders according to The New York Times article Libor Case Energizes a Wall Street Watchdog, I can’t find anything else that Elizabeth Warren would complain about. That is a pretty big exception, and one of my major knocks against Eric Holder and Loretta Lynch. I just don’t know what Elizabeth Warren or William K. Black will say about his record. At least there is a possibility that he is really as good a guy as some people make him out to be.