Progressives ramp up pressure on Biden s Wall Street cop after hiring fiasco POLITICO 2 hrs ago By Zachary Warmbrodt © Evan Vucci/AP Photo Gary Gensler rattled progressives by naming a veteran corporate defense lawyer, Alex Oh, to lead the agency’s policing of financial wrongdoing
Sen. Elizabeth Warren in January praised Gary Gensler, President Joe Biden’s nominee to lead the Securities and Exchange Commission, as a “tenacious” Wall Street regulator. Now, after a turbulent first two weeks on the job for Gensler, Warren and her allies are sending a new message: Do better, Gary.
The honeymoon between Gensler and his long-time champions on the left came to a stunning end in recent days after he rattled progressives by naming a veteran corporate defense lawyer, Alex Oh, to lead the agency’s policing of financial wrongdoing. In a twist, Oh abruptly resigned less than a week later after a federal judge reprimanded her and others defending ExxonMobil C
Delay in naming OCC leader could hurt Democrats agenda
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Pot banking bill s closer to finish line, but Democrats could sabotage it
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POLITICO
Supporters hope for Build America Bonds revival in infrastructure plan
It won’t likely be hard to find buyers for the program, designed to leverage increasing amounts of private funding for public works via taxable municipal debt.
House Ways and Means Chair Richard Neal listed BABs among his own priorities for the infrastructure plan earlier this month. | Jessica Hill/AP Photo
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The push to revive the federally subsidized Build America Bonds program as part of massive infrastructure legislation has investors and issuers champing at the bit.
Their appetite for the bonds, or BABs, was immense when they were briefly issued more than a decade ago by states, cities and local governments unable to finance their projects at reasonable rates during the Great Recession.
First Republic s earnings spike thanks to mortgage volume, stimulus
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