politics

Senator Elizabeth Warren kicks off the confirmation hearing for Trump's pick for SEC Chair Paul Atkins with a brutal attack of his record:

"He got pretty much everything wrong in the run up to the biggest financial crash since the Great Depression. That is not a record that deserves promotion"

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She's correct, but I think he's actually exactly the guy who should be in charge of packaging up and offsetting the all student loans, commercial mortgages, and ridiculous government propped up real estate mortgages into packaged securities that we can sling over the fence.

We actually need him to run it back turbo! 😭

kind of like when she asked him "are you going to divest and tell us who is buying your positions?"
>proceeds to talk over answer
"got it, so you basically taking pre-bribes"

Well ok this is where she's technically right but trying to make a causal point like he was behind the GFC. He *was* one of the 5 commissioners on the SEC during the Bush administration that led to it, sure.

Now to say that's all the SEC's fault is a little bit of a stretch.