Why Washington Needs Wall Street
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“Personnel is policy,” Robert Reich, a former secretary of labor in President Bill Clinton’s administration, told The New York Times last week. CreditWin McNamee/Getty Images
The latest round of drumbeating has begun to prevent anyone with a Wall Street background from filling the top economic positions in the next administration. Not only is that not right, it hurts the American people by preventing those who have the best understanding of how financial markets work from taking a much-needed role in policing and fixing them. It is a form of discrimination. The time has come for it to stop.
The chatter is coming from the usual suspects. “Personnel is policy,” Robert Reich, a former secretary of labor in President Bill Clinton’s administration, correctly told The New York Times last week. He then informed the paper that the discussions had already begun in the Hillary Clinton camp to ensure that no one with a Wall Street background gets to serve in any of the dozen or so cabinet positions or about 200 subcabinet positions that Mrs. Clinton would have to fill if she wins the election…
Why Washington Needs Wall Street
