Gary Gensler, who surprised everyone when he was appointed by Obama as the head of the Commodity Futures Trading Commission (CFTC) and then aggressively pushed for regulation and investigations of fraud, is Biden’s choice to head the Securities and Exchange Commission (SEC).
Word is that Wall Street is crapping their pants over this choice:
Gary Gensler will be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden, said two sources familiar with the matter, an appointment likely to prompt concern among Wall Street firms of tougher regulation.
Gensler was chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, and since November has led Biden’s transition planning for financial industry oversight.
His appointment as the country’s top securities regulator is expected to put an end to the four years of rule-easing that Wall Street banks, brokers, funds and public companies have enjoyed under President Donald Trump’s SEC chair Jay Clayton.
At the CFTC, Gensler implemented dramatic new swaps trading rules mandated by Congress following the 2007-2009 financial crisis, developing a reputation as a hard-nosed operator willing to stand up to powerful Wall Street interests.
A former Goldman Sachs banker and a professor at MIT Sloan School of Management, Gensler also oversaw the prosecution of big investment banks for rigging Libor, the benchmark for trillions of dollars in lending worldwide.
When he came into the CFTC, it was assumed that he would be yet another corporate stooge.
Instead he was a pleasant surprise in an administration that was largely defined by corporate stooges.
Samantha Power has been picked by Biden to head USAID.
Power is a bloody lunatic, who is almost as prone to demand the use of military force as the late and unlamented John McCain.
The is a warmonger of the highest order, and given that USAID is frequently used as a cutout to support regime change activities by the US State Security Apparatus, this is not good.
Former UN Ambassador Samantha Power, (in)famous for her screaming duels over Syria with late Russian envoy Vitaly Churkin, was picked by Joe Biden to head the US Agency for International Development (USAID) in his administration.
Though her appointment was rumored in Washington for weeks, Biden’s transition team officially confirmed it on Wednesday. Power is best known for her “humanitarian” interventionism advocacy. As an aide at the Obama White House, she championed US intervention in Syria and Libya – where US-backed Islamist militants sought to overthrow secular governments – in the name of stopping “genocide.”
Let us not forget that the intervention that she forcefully championed in Libya has led to the return of open air slave markets, and Syria………
And The Ugly
That would be Victoria “Fuck the EU” Nuland, whose pathological hatred of the Russians is largely responsible for the Ukraine the mess it is today. (War, Fascism, Corruption, the deification of Nazi Sympathizers, etc.), who has been picked by Biden to be the Undersecretary of State for Political Affairs
This is a remarkably bad idea, if just because she was the prime mover behind the Ukrainian coup, which closely mirrors what happened at the Capitol on January 7:
Who is Victoria Nuland? Most Americans have never heard of her because the U.S. corporate media’s foreign policy coverage is a wasteland. Most Americans have no idea that President-elect Biden’s pick for Deputy Secretary of State for Political Affairs is stuck in the quicksand of 1950s U.S.-Russia Cold War politics and dreams of continued NATO expansion, an arms race on steroids and further encirclement of Russia.
Nor do they know that from 2003-2005, during the hostile U.S. military occupation of Iraq, Nuland was a foreign policy advisor to Dick Cheney, the Darth Vader of the Bush administration.
You can bet, however, that the people of Ukraine have heard of neocon Nuland. Many have even heard the leaked four-minute audio of her saying “Fuck the EU” during a 2014 phone call with the U.S. Ambassador to Ukraine, Geoffrey Pyatt.
During the infamous call on which Nuland and Pyatt plotted to replace the elected Ukrainian President Victor Yanukovych, Nuland expressed her not-so-diplomatic disgust with the European Union for grooming former heavyweight boxer and austerity champ Vitali Klitschko instead of U.S. puppet and NATO booklicker Artseniy Yatseniuk to replace Russia-friendly Yanukovych.
Despite outrage from German Chancellor Angela Markel, no one fired Nuland, but her potty mouth upstaged the more serious story: the U.S. plot to overthrow Ukraine’s elected government and America’s responsibility for a civil war that has killed at least 13,000 people and left Ukraine the poorest country in Europe.
In the process, Nuland, her husband Robert Kagan, the co-founder of The Project for a New American Century, and their neocon cronies succeeded in sending U.S.-Russian relations into a dangerous downward spiral from which they have yet to recover.
Nuland accomplished this from a relatively junior position as Assistant Secretary of State for European and Eurasian Affairs. How much more trouble could she stir up as the # 3 official at Biden’s State Department? We’ll find out soon enough, if the Senate confirms her nomination.
The neocons’ coup de grace against Obama’s better angels was Nuland’s 2014 coup in debt-ridden Ukraine, a strategic candidate for NATO membership right on Russia’s border.
The muscle for Nuland’s $5 billion coup was Oleh Tyahnybok’s neo-Nazi Svoboda Party and the shadowy new Right Sector militia. During her leaked phone call, Nuland referred to Tyahnybok as one of the “big three” opposition leaders on the outside who could help the U.S.-backed Prime Minister Yatsenyuk on the inside. This is the same Tyanhnybok who once delivered a speech applauding Ukrainians for fighting Jews and “other scum” during World War II.
After protests in Kiev’s Euromaidan square turned into battles with police in February 2014, Yanukovych and the Western-backed opposition signed an agreement brokered by France, Germany and Poland to form a national unity government and hold new elections by the end of the year.
But that was not good enough for the neo-Nazis and extreme right-wing forces the U.S. had helped to unleash. A violent mob led by the Right Sector militia marched on and invaded the parliament building, a scene no longer difficult for Americans to imagine. Yanukovych and his members of parliament fled for their lives.
Nuland’s militaristic worldview represents exactly the folly the U.S. has been pursuing since the 1990s under the influence of the neocons and “liberal interventionists,” which has resulted in a systematic underinvestment in the American people while escalating tensions with Russia, China, Iran and other countries.
Nuland is a complete horror show, and she should be kept as far as possible from the reins of power as possible.
She is a disaster waiting to happen.