“Does Tim Massad, a former partner at Cravath Swain & Moore, and current head of the Troubled Asset Relief Program, have the guts to make financial reform a durable and effective reality?
“Better Markets CEO Dennis Kelleher wants to know.
“The President plans to nominate Massad to chair the Commodity Futures Trading Commission (CFTC).
“’Financial reform is meant to protect the American people from another devastating financial crash and more taxpayer funded bailouts,” Kelleher said. The next chairman of the CFTC will be critical in determining if financial reform becomes a durable reality or an empty promise. Outgoing Chairman Gary Gensler has admirably led the agency to pass historic reforms, overcoming daunting, relentless opposition from Wall Street and its many allies.’”
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