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January 25, 2013

Avoiding Wall St. shuffle's perils

It’s that time again when jobs open up across Washington and the big shuffle starts: People on Wall Street angle for key economic policymaking jobs, and people in key economic policymaking jobs angle for jobs on Wall Street.

“This isn’t necessarily a bad thing. People with Washington experience bring expertise to Wall Street — often a sense of public service — and people with Wall Street experience bring expertise to government.

“When I worked to set up the Consumer Financial Protection Bureau, we hired a number of people with industry experience. We built a team that had diverse expertise and different worldviews because that meant smarter, more effective policies. It’s pretty clear that you can’t write good rules or effectively enforce the law if you don’t know how the game is played.”

Read Elizabeth Warren’s full opinion piece in Politico Pro here 

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