Biden signals Wall Street crackdown with transition picks

A good sign indeed. Let's demand he follows through with this. 

"President-elect Joe Biden’s transition team has recruited a who’s-who of Wall Street critics to help launch his administration, the latest indication that the days of light-touch bank regulation under President Donald Trump are coming to an end. [...] News of the appointments buoyed the hopes of progressives who have been skeptical about whether Biden would try to rein in Wall Street."

"Leading the transition’s preparation to run financial regulatory agencies is Gary Gensler, an Obama-era regulator — and former top Goldman Sachs executive — who enraged big banks by imposing sweeping new rules on the industry in the wake of the 2008 financial crisis. Gensler's team includes former Democratic congressional aides who played a major role in drafting tougher laws for financial firms after the subprime meltdown and later fought efforts to water them down. One member has rattled bank executives for years as the head of one of Washington’s leading financial reform groups, Better Markets. Another is an advocate for the Postal Service offering financial services that would compete with banks."