‘The Next Revolution’ host Steve Hilton reacts to the Senate testimony by Facebook, Google and Twitter CEOs.
Senator Elizabeth Warren praised two of President-elect Joe Biden’s choices on Monday, suggesting that the pair would help fight Wall Street.
“For a long time, our banking regulators have behaved as if they worked for the financial institutions they regulate – not for the American people,” Warren wrote on Twitter. “But a big change is coming. President-elect Biden couldn’t have made two better choices to lead the SEC and [Consumer Financial Protection Bureau]: Gary Gensler and Rohit Chopra. “
Biden appointed Gary Gensler to head the Securities and Exchange Commission and Rohit Chopra to head the Department of Consumer Financial Protection. Both are seen as having progressive views on economic policy.
Warren, D-Mass., Called Gensler a “tenacious regulator”, noting that she had previously worked with him during the 2008 financial crisis.
WARREN PRESSES THE PRESIDENT OF FOOD ABOUT THE NEED TO CANCEL THE STUDENT LOAN DEBT
Gensler previously served as chairman of the U.S. Commodity Futures Trading Commission during the Obama administration and served 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 conducted research on digital currencies.
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Warren meets Chopra from the CFPB, a regulatory agency she helped create. The two helped launch the bureau together under President Barack Obama, after which Chopra went on to serve as assistant director. In this role, he oversaw the CFPB student loan schedule.
Chopra, who was sworn in as Federal Trade Commissioner in 2018, has deep experience in the student loan industry, which some see as a good sign for a potential student debt relief policy under the Biden administration.
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