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4min chapter
The Bank Regulator Who Was Blocked for Being Right
Lever Time
The Federal Reserve Chairman's Nomination to Be a Top Federal Bank Regulator Was Blocked
Julia Rock: Jay Powell more and more seems like a chaos agent in the entire financial system. Salia Marova was nominated by President Biden to be one of the federal government's top bank regulators. Her nomination was blocked because she was pushing for regulations that Republicans and corporate Democrats thought would be too tough on the banks. Matt Stoller is an analyst and researcher who writes frequently about financial regulations at the American Economic Liberties Project.
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