Washington, D.C., January 12, 2015 – Dennis Kelleher, President and CEO of Better Markets, issued the following statement today in response to Antonio Weiss withdrawing from consideration to be the Undersecretary of Domestic Finance for the Department of the Treasury:
“Avoiding the public Senate confirmation process but nevertheless installing Mr. Weiss in a very senior position at the Treasury Department is unfortunate for the American people. The country would have benefited from an open, public debate about the Wall Street-centric view that what is good for Wall Street is really good for America. Given the suffering inflicted on the American people from the 2008 financial crash, they deserved no less,” said Dennis Kelleher, President and CEO of Better Markets an independent nonprofit organization that promotes the public interest in the financial markets.
Better Markets is an independent, nonprofit, nonpartisan organization that promotes the public interest in financial reform in the domestic and global capital and commodity markets. Better Markets advocates for transparency, oversight and accountability with the goal of a stronger, safer financial system that is less prone to crisis and failure thereby eliminating or minimizing the need for more taxpayer funded bailouts. To learn more, visit www.bettermarkets.com.