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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Why Gary Gensler Should be #2 at Treasury | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="R3CgzPl6y8"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/04/why-gary-gensler-should-be-2-at-treasury.html"&gt;Why Gary Gensler Should be #2 at Treasury&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/04/why-gary-gensler-should-be-2-at-treasury.html/embed#?secret=R3CgzPl6y8" width="600" height="338" title="&#x201C;Why Gary Gensler Should be #2 at Treasury&#x201D; &#x2014; naked capitalism" data-secret="R3CgzPl6y8" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Last week, Simon Johnson pumped for Gary Gensler, now chairman of the CFTC, to become the Deputy Treasury Secretary. Frankly, it would have been better if Gensler were Treasury secretary (an idea Johnson also promoted), but we are past that point. Obama is serious about selling catfood futures via deficit scaremongering, and he's tagged budget maven Jack Lew as his perfect front man.  Gensler, along with Sheila Bair, has been one of the few financial services regulators who has stood up to industry demands and scored some wins.</description></oembed>

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