Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) rallied against President Donald Trump’s nominee to head the Securities and Exchange Commission (SEC), Wall Street lawyer Jay Clayton, alongside other progressive leaders late Wednesday.
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Clayton, a corporate lawyer who helped Wall Street defy regulators and get billions of dollars in government bailout funds during the financial crisis, is “the embodiment of the greed that nearly destroyed the economy,” Sanders charged in his fiery speech.
The senators urged progressives to resist the SEC pick ahead of his confirmation hearing Thursday.
“Mr. Clayton has spent his career providing get-out-of-jail-free cards to Wall Street executives,” Sanders said:
“How many people seriously believe that someone who has spent 25 years hobnobbing with these giant, Wall Street bankers is suddenly going to get tough on his buddies?” Warren told the crowd, according to Politico.
Sanders concurred: “We need somebody who is prepared to confront the system, not someone who is part of the system.”
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