Elizabeth Warren Questions Citigroup Dominance In DC

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Mark Melin
Published on
Updated on

As Democratic Senator Elizabeth Warren (D-MA) cast her vote today for Stanley Fischer to serve as the number two position at the US Federal Reserve, she had reservations about the former Citigroup Inc (NYSE:C) senior manager. Exercising a tight grip over the Democratic Party’s economic policymaking apparatus “In recent years, Wall Street institutions have exerted extraordinary influence in Washington’s corridors of power, but Citigroup Inc (NYSE:C) has risen above the others in exercising a tight grip over the Democratic Party’s economic policymaking apparatus,” the Wall Street foe writes in an opinion piece in Politico.  “There is danger anytime the key economic…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.