Wall Street does not fear a “big night” under Joe Biden

Posted on Jan 21, 2021 9:05 AM

Have the giants of Wall Street eaten their white bread, after the record profits made at the end of Donald Trump’s mandate? Joe Biden already gives the impression of wanting to satisfy his leftmost wing. The entry into office of Gary Gensler at the head of the SEC, the American financial policeman, augurs a certain recovery in hand, after years of easing.

“Gensler is an excellent choice to run the agency”Barbara Roper, director of investor protection at the United States Federation of Consumers, told NBC. The veteran Goldman Sachs, who has built a reputation as a ruthless regulator at the CFTC, the derivatives regulator, where he imposed a series of fines, “Is as savvy about the financial markets as anyone on Wall Street, so he can’t be intimidated, she adds. He is a seasoned regulator who knows how to get things done ”.

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