Waters: Clayton’s Strong Wall Street Ties Highlight Trump’s Conflicts of Interest
Washington, DC, January 4, 2017
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement following President-elect Trump’s nomination of Wall Street lawyer and Goldman Sachs adviser Jay Clayton as the head of the Securities and Exchange Commission (SEC), a major regulator of banks and Wall Street:
“With this latest pick, Donald Trump is fervently continuing his campaign of nominating Wall Street insiders to regulate Wall Street. Jay Clayton is just the latest addition to the growing pool of Wall Street insiders that make-up the Trump Administration. Donald Trump himself owes Wall Street banks hundreds of millions of dollars. Trump’s preference for Wall Street insiders calls into question his priorities: is he truly aiming to represent the American people or is he rewarding his pals on Wall Street? The nomination of Jay Clayton is clear evidence that Trump favors the latter.