Jay Clayton

What could be a more perfect chief prosecutor (in Trump's own backyard, no less-- where he committed decades of crimes and where so many of his cronies reside) for Trump than one who has never prosecuted a case?

There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas from North Korea to Robert Mueller’s Russian investigation, while it already feels like ages since the celebratory mood over the vast corporate tax cuts Congress passed last year. But don’t be fooled: none of that is as important as what’s missing from the picture.  Like a disease, in the nation’s capital it’s often what you can’t see that will, in the end, hurt you most.

Securities and Exchange Commission (SEC) Chairman nominee Jay Clayton is sworn-in on Capitol Hill in Washington, Thursday, March 23, 2017, prior to testifying at his confirmation hearing before the Senate Banking Committee. (AP/Pablo Martinez Monsivais)
Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) rallied against President Donald Trump’s nominee to head the Securities and Exchange Commission (SEC), Wall Street lawyer Jay Clayton, alongside other progressive leaders late Wednesday.

President-elect Donald Trump waves to supporters during a rally in Grand Rapids, Mich., Friday, Dec. 9, 2016. (AP Photo/Paul Sancya)
(REPORT) — Donald Trump is preparing to appoint another Wall Street proxy to the top Wall Street regulation, supervision and enforcement post.