{"id":324718,"date":"2021-08-15T04:55:34","date_gmt":"2021-08-15T01:55:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren\/"},"modified":"2021-08-15T04:55:34","modified_gmt":"2021-08-15T01:55:34","slug":"ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren\/","title":{"rendered":"#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dfb9152f2c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dfb9152f2c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren\/#Fat_cats_shed_no_tears_for_Cuomo\" >Fat cats shed no tears for Cuomo<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n            <img decoding=\"async\" width=\"76\" height=\"69\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76&amp;h=69&amp;crop=1\" class=\"attachment-nyp_columnist size-nyp_columnist\" alt=\"Charles Gasparino\" loading=\"lazy\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=152 152w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=114 114w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76 76w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=38 38w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png 706w\" sizes=\"auto, (max-width: 76px) 100vw, 76px\"\/><\/div>\n<\/div>\n<\/aside>\n<p>If Gary Gensler sounds a lot like Elizabeth Warren, it\u2019s not by accident but by design. He needs the powerful progressive senator in his corner to fulfill his ultimate, career-fulfilling goal, which, according to sources, is having his signature on the dollar bill as treasury secretary.\u00a0<\/p>\n<p>Gensler just took the job as Securities and Exchange Commission chief. But people who have seen him in action for years as he served in various Treasury posts and as a commodities regulator in the Obama administration say his bureaucratic ambition knows no bounds. He\u2019s thinking bigger than being the guy who runs what is essentially an investor-protection agency.\u00a0<\/p>\n<p>That\u2019s where the firebrand Massachusetts senator comes in.<\/p>\n<p>Gensler is fully aware of the enormous power Warren wields in the Democratic economic policy circles, and he has been making inroads with her since his time in the Obama administration, if not earlier.<\/p>\n<p>Warren\u2019s star first rose during the 2008 financial crisis when she went on an anti-bank crusade.<\/p>\n<p>Since then, she has spread her anti-business venom beyond banks to just about every aspect of corporate America. As much as the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>ist Bernie Sanders called the shots on the Biden\u2019s administration\u2019s latest $3.5 trillion welfare state-expanding spending blow-out, anyone vying for a top economic job in this White House must pass the Warren litmus test.\u00a0<\/p>\n<p>When she says jump, the answer is how high.\u00a0<\/p>\n<p>Gensler has been jumping high for Warren from the minute he took over at the SEC, so high in fact that it\u2019s easy to forget his formative years as a Goldman partner earning gazillions on the fruits of capitalism and deal \u00admaking.<\/p>\n<p>Warren wants more diversity on corporate boards, and Gensler suddenly pushed for a board-diversity disclosure mandate for public companies.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Elizabeth-Warren.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Massachusetts Sen. Elizabeth Warren\" class=\"wp-image-19135529\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Elizabeth-Warren.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Elizabeth-Warren.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Elizabeth-Warren.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sen. Elizabeth Warren has been targeting anything that benefits Wall Street since the Obama administration.<br \/>\n<\/figcaption><figcaption><span class=\"credit\">Evelyn Hockstein\/Pool via AP<\/span><\/figcaption><\/figure>\n<p>Warren said nefarious traders might be gaming something called payment for order flow (where discount brokers sell their client orders to Wall Street firms so they can offer cheap or no-commission trades). Presto, Gensler says he will begin to scrutinize the obscure and harmless practice.<\/p>\n<p>Most recently, Warren started railing about swindles in the $2 trillion cryptocurrency business, and, you guessed it, Gensler announced a sweeping crackdown on digital-coin fraud even though the SEC does not really have the statutory authority to do so.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>People who worked in the Obama administration\u2019s Treasury tell me Gensler was among a couple of candidates at the top of the list to run the department if Hillary Clinton defeated Donald Trump in 2016. Missing out for the job by a few thousand votes in a handful of states only fueled Gensler\u2019s ambition to reclaim it at his next available opportunity, these people say.<\/p>\n<p>When the SEC post came open with Biden\u2019s election, the uber-ambitious Gensler saw his opening to make it to the Treasury. Biden had selected the former Fed chair Janet Yellen to run Treasury, but at 75 years of age, she will not be there forever given the job\u2019s high burnout rate.<\/p>\n<p>Replacing Yellen at Treasury won\u2019t occur overnight, of course. Gensler needs some lefty policy victories on his r\u00e9sum\u00e9 for him to push for the job, which he\u2019s busy compiling. More importantly, he needs Warren in his corner, which he\u2019s busy jumping for.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fat_cats_shed_no_tears_for_Cuomo\"><\/span>Fat cats shed no tears for Cuomo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The resignation of Andrew Cuomo was supposed to be a blow to the New York business community, including its biggest players in banking and real estate. The soon-to-be former governor billed himself as the last line of defense of big business here. With him gone, the AOC-types in Albany would eat them alive with taxes, regulations and a lot more.<\/p>\n<p>For a time, Cuomo\u2019s pitch made business leaders here rationalize his blind spots, i.e., his temper and egomaniacal nature (they say they had no idea about the groping), his bullying and his uneven policies that included harsh business closures during COVID that nearly destroyed the state\u2019s economy.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Andrew-Cuomo-15.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"New York Gov. Andrew Cuomo prepares to board a helicopter after announcing his resignation, Tuesday, Aug. 10, 2021, in New York.\" class=\"wp-image-19135540\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Andrew-Cuomo-15.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Andrew-Cuomo-15.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Andrew-Cuomo-15.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>New York\u2019s business leaders say so long to Gov. Andrew Cuomo\u2019s ludicrous taxes \u2014 on top of his shameful sexual harassment and nursing home scandals.<br \/>\n<\/figcaption><figcaption><span class=\"credit\">AP Photo\/Seth Wenig<\/span><\/figcaption><\/figure>\n<p>But when Cuomo finally resigned, that time had run out. Business leaders said he burned them far too many times in recent years, including the tax increases in Cuomo\u2019s last budget, a total cave to the left that will expedite the flight of high earners and companies from the state. Putting up with his awful presence just wasn\u2019t worth it any longer.<\/p>\n<p>Were they cheering Cuomo\u2019s exit? Not really, because the AOC-types are sure to try and flex their muscles. But the fat cats are hardly shedding tears either. As one business-group leader told me, Cuomo became so toxic to deal with, he didn\u2019t just harass those 11 women cited in the AG\u2019s report, \u201che harassed \u00adeveryone.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/14\/ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren&#8221; If Gary Gensler sounds a lot like Elizabeth Warren, it\u2019s not by accident but by design. He needs the powerful progressive senator in his corner to fulfill his ultimate, career-fulfilling goal, which, according to sources, is having his signature on the dollar bill as treasury secretary.\u00a0 Gensler&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/WarrenGensler.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[114240,70430,70344,76127,77105,77826,70865,5000,72976,73809,70360],"class_list":["post-324718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-14-21","tag-andrew-cuomo","tag-coronavirus-in-ny","tag-cryptocurrency","tag-elizabeth-warren","tag-federal-regulation","tag-government-spending","tag-progressives","tag-securities-and-exchange-commission","tag-treasury-department","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=324718"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/324719"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=324718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=324718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=324718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}