TARP Chief To Lead CFTC

Nov 8 2013 | 10:38am ET

President Barack Obama is poised to name the head of the Troubled Asset Relief Program to lead the Commodity Futures Trading Commission.

According to published reports, Massad will get the nod to succeed Gary Gensler, whose term at the CFTC ends in January.

Massad has led TARP for the past three years, helping to recoup even more cash than the government laid out in the bailout program. Prior to taking that post, he was senior legal adviser to the Congressional Oversight Panel, then run by now-Sen. Elizabeth Warren (D-Mass.). Before moving into government service, Massad spent 25 years at the law firm Cravath Swain & Moore.

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