Mick Mulvaney wants to help rich people get richer off of financial regulations
(From The Washington Examiner)
In short, banks and other financial companies are very affected by regulations, regulators, and rules, and so, Mulvaney and his business partner think they can predict who will win and who will lose from election results, administration hires, and developments in rule-making procedures.
“We hope to differentiate ourselves from other sector funds by combining my background investing in the sector over the last 20 or so years,” Andrew Wessell, Mulvaney’s partner in Exegis Capital, said in a podcast, “with Mick’s career spanning the House Financial Services Committee, leading CFPB, and being a key part of the finance committee in the administration.”
This article was originally posted here: https://www.ac2news.com/2020/09/mick-mulvaney-wants-to-help-rich-people-get-richer-off-of-financial-regulations/.