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May 6, 2015

Wall Street Watchdog Growls, and Bites

“A few years ago, the chief of one of the world’s wealthiest financial institutions was calling around Washington, D.C., seeking to stifle outspoken anti-big bank crusader Dennis Kelleher ’84.

“You evidently don’t know Dennis Kelleher,” the bank boss was told repeatedly. “You are not going to shut him down.”

“The big banks have been unable to shut him down or shut him up.

“Since 2010, Kelleher, formerly a successful corporate law partner and a prominent U.S. Senate aide, has served as president of Better Markets, a nonpartisan nonprofit organization created in the aftermath of the 2008 financial meltdown to protect the public’s interest on Wall Street.

“Backed up by 15 staff members, Kelleher is a Wall Street battering ram, intent on derailing the big-bank money train most observers blame for causing the economic disaster. The Massachusetts native and Harvard Law grad appears on television, before Congress and at conferences to expose Wall Street’s misdeeds and efforts to undermine reform. He’s a frequent go-to source for policymakers, elected officials and regulators, as well as business reporters looking for incendiary sound bites.”

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Read the full Brandeis Magazine article by David E. Nathan here

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