Thursday, December 18, 2008

Obama to Nominate Goldman Sachs Man for CFTC

The Goldman octopus has captured control of another regulatory position.

Obama is expected to name Gary Gensler as the next chairman of the Commodity Futures Trading Commission, according to WSJ.

Gensler, a former assistant secretary for financial markets at the U.S. Treasury Department, used to work as a partner at Goldman Sachs.

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