Fedblog FedblogFedblog
Government Executive Editor in Chief Tom Shoop, along with other editors and staff correspondents, look at the federal bureaucracy from the outside in.

A Valentine to the CFTC

Commodity Futures Trading Commission chairman Gary Gensler Commodity Futures Trading Commission chairman Gary Gensler Jacquelyn Martin/AP

The Dec. 24 Time magazine ought to bring smiles to P.R. strategists at the Commodity Futures Trading Commission with its cover story “The Money Cop.”

The up-close portrait of CFTC Chairman Gary Gensler reports how he “strikes fear in the hearts of brazen bankers,” having just forced a $1.9 billion settlement by the British bank HSBC for money laundering.

Financial writer Rana Foroohar praises Gensler for taking on some of the bad actors from the 2008 financial crisis—noting that while working for the Clinton administration, Gensler had joined the parade of those who at the time advocated deregulating Wall Street.

Gensler recently presided over new rules that take effect at the end of this month requiring dealers in the complex tool called a credit default swap inside the United States to register with regulators. “You always feel safer on a lit street than a dark one,” he told the magazine.

Woven through the article are personal anecdotes about the 2006 death of Gensler’s wife from cancer, his chores keeping a household of three daughters in Baltimore, his twin brother’s work on Wall Street and his love of dancing.

The piece is available to Time subscribers.

Charlie Clark joined Government Executive in the fall of 2009. He has been on staff at The Washington Post, Congressional Quarterly, National Journal, Time-Life Books, Tax Analysts, the Association of Governing Boards of Universities and Colleges, and the National Center on Education and the Economy. He has written or edited online news, daily news stories, long features, wire copy, magazines, books and organizational media strategies.

Close [ x ] More from GovExec

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care


When you download a report, your information may be shared with the underwriters of that document.