N.Y. Governor Hands Top Wall Street Regulatory Job to a Defender of Wall Street

[marmar]

(The Intercept) New York Gov. Andrew Cuomo on Thursday handed a critically important bank regulatory position to a long-time donor and corporate lawyer who defended financial institutions in private practice.

Cuomo nominated Maria Vullo to run the New York Department of Financial Services (DFS).

Benjamin Lawsky, Vullo’s predecessor in the office, gained a reputation as the toughest cop on Wall Street, imposing heavy fines for money laundering, accounting fraud, tax evasion, and fraudulent mortgage servicing. Lawsky used the ability to ban financial firms from business in the world financial center in New York to extract real accountability for wrongdoing.

And Lawsky’s aggressiveness shamed other regulators, prompting them to increase their activity. ................(more)

https://theintercept.com/2016/01/22/n-y-governor-hands-top-wall-street-regulatory-job-to-a-defender-of-wall-street/

[TreasonousBastard]

1. I suspect Cuomo's got more Wall St. money than Hillary...

and is even more shameless about doing their bidding.

And he gets way with it. Every time.

He and Schumer should go, but no one has a way to do it.

[Octafish]

2. Hope Ms. Vullo uses her knowledge to get the bastards.

If she gets enough bastards, who knows? President Cuomo?

Otherwise, for sure it's more of the same old same old Welfare for the Wealthy.