By David Dayen -
I don’t know of any clear-eyed analyst who held out much hope that the handover of the Treasury Department from Tim Geithner to Jack Lew would herald a new era of stringent financial regulatory reform. Lew, outside of a stint at Citi, didn’t have much expertise with the matter; he’s more of a budget wonk. And when, at his confirmation hearing, he pronounced that Dodd-Frank solved the Too Big to Fail problem, he told you exactly who would have his ear at Treasury.
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