A Citigroup Lawyer Helped Trump Pick Bank Regulators, Then Returned To Work At The Bank

NEW YORK ― Sometimes the revolving door spins fast. Before President Donald Trump was inaugurated, Julie Lindsay, a top lawyer at Citigroup, was working for the president-elect to fill key posts at agencies that are supposed to oversee banks — including the Consumer Financial Protection Bureau, the agency that’s the brainchild of bank foe Sen. Elizabeth Warren (D-Mass.).

Now, Lindsay is back at work at Citigroup, a spokeswoman for the bank told The Huffington Post on Wednesday.

Lindsay, a managing director at Citi, had been working on the Trump transition, gathering information about the policy direction and potentially drawing up lists of political appointees to serve at the governing body of the Federal Reserve, at the Consumer Financial Protection Bureau, and on the Treasury Department’s Financial Stability Oversight Council. The FSOC is made up of regulators from various agencies and monitors the financial system and has broad powers to take action to ensure its stability — such as breaking up big banks like Citigroup if they become too risky.

Read on.

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