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Obama Nominates Treasury Official as Top Derivatives Regulator
The New York Times: Timothy G. Massad swept up the mess of the last financial crisis. On Tuesday, President Obama asked him to help prevent the next one.
Mr. Obama named Mr. Massad, a senior Treasury Department official, as chairman of the Commodity Futures Trading Commission, an agency that polices some of Wall Street’s riskiest activity. Mr. Massad, a former corporate lawyer, is an assistant secretary of the Treasury overseeing the unwinding of the Troubled Asset Relief Program, or TARP, the government’s bailout effort stemming from the financial crisis.
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