Elizabeth Warren

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“In this case, the thing Warren was against -- adding another Wall Street anti-regulatory guy -- wasn’t even remotely true,” said one senior Wall Street Democrat who has worked in government but, like many interviewed for this article, declined to be identified by name to avoid Warren’s wrath. “There is no one in government right now who has any market or finance experience. It’s not like there are ‘too many.’"
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Sweet Yeezus. More like "declined to be identified to avoid having their name associated with a statement that's howlingly ludicrous."

Look, I can understand if someone has passed through the revolving door a bunch of times and now holds the view that there is insufficient market or finance experience within the federal government's financial bureaucracy. But to say "there is no one in government right now who has any market or finance experience" is, to use the academic term, bonkers sauce. You don't need to look further than the guy who runs the Treasury, Jack Lew, who was formerly the chief operating officer of CitiGroup's Alternative Investment prop-trading unit, where he had something of a storied history.

Let's do look further, though! Your Federal Reserve governing board has several members who, I'm guessing, would love to throttle Mr. or Ms. Anonymous Source for the above quote -- most notably Federal Reserve Governors Jerome Powell (Carlyle Group), Stanley Fischer (CitiGroup) and Lael Brainard (McKinsey).

Throughout the regulatory landscape you'll find a slew of top officials who very well might take umbrage at Anonymous McSourcy's version of events. Many of these people are former law partners whose clients were definitely under the impression that they knew their way around markets and investments. Like, say, SEC Commissioner Luis Aguilar (partner at McKenna Long & Aldridge), CFTC Chairman Timothy Massad (partner at Cravath, Swaine & Moore) and CFTC Commissioner Sharon Y. Bowen (partner at Latham & Watkins). The Office of the Comptroller of the Currency has its own murderers' row of leaders who can make the same boast.

Heck, in CFTC Commissioner J. Christopher Giancarlo, we find a guy who successfully managed to get the private sector windfall for which Weiss was angling. As Bloomberg News' Robert Schmidt reported last week:...

http://www.huffingtonpost.com/2015/01/26/anonymous-source-elizabeth-warren_n_6548696.html