Saturday, April 18, 2015

Elizabeth Warren Democrats should cheer Hillary Clinton's latest big hire

Matthew Yglesias writes Elizabeth Warren Democrats should cheer Hillary Clinton's latest big hire "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. 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."

"Except the Obama-Gensler relationship was so bad, Obama can't point to Gensler as an example of anything. By rebuilding the relationship, Clinton now can. He's simultaneously outreach to Wall Street haters and cover to work with Wall Street veterans. It's a very shrewd move, and a reminder that whatever her limitations as a charismatic public figure, Clinton is a profoundly skilled practitioner of other aspects of the political game."

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