Steve Hilton, ‘The Next Revolution’ host, responds to Senate testimony through Facebook, Google, Twitter CEOs.
Sen. Elizabeth Elizabeth Warren on Monday praised two of President Joe Biden’s presidential elections, suggesting the pair will help Wall Street.
“For too long, our bank regulators have been behaving as if they are working for the financial institutions they regulate – not the American people,” Warren wrote on Twitter. “But big change is coming. President-elect Biden could not have made two better choices to join the SEC and [Consumer Financial Protection Bureau]: Gary Gensler and Rohit Chopra. ‘
Biden urged Gary Gensler to head the Securities and Exchange Commission and Rohit Chopra as head of the Bureau of Financial Consumer Protection. Both are seen as progressive views on economic policy.
Warren, D-Mass., Called Gensler a ‘stubborn regulator’, noting that she had previously worked with him during the 2008 financial crisis.
WHERE DOES THE CHAIRMAN PRESS THE NEED OF THE DEBT OF STUDENT LOANS
Gensler was previously chairman of the U.S. Commodity Commission for futures contracts during the Obama administration and worked in the U.S. Treasury Department during President Bill Clinton’s term.
He also worked for Goldman Sachs and taught at the Massachusetts Institute of Technology, where he researched digital currencies.
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Warren knows Chopra from the CFPB, a regulatory agency she helped create. The couple helped launch the office under President Barack Obama, after which Chopra served as assistant director. In that role, he oversaw the CFPB’s agenda for student loans.
Chopra, who was sworn in as Federal Trade Commissioner in 2018, has deep experience in the student loan sector, which some say is a good sign of a potential student debt relief policy under Biden’s government.
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