I can only hear the whispers down in halls of wall street. If he continues as he has… Wall Street better worry. The shell games are moving closer and closer to shutting down permanently.
Two weeks after moving into a skyscraper near Wall Street to start assembling a muscular new agency overseeing banks and insurers in New York, Benjamin M. Lawsky got a surprise during an introductory meeting with a midlevel manager: His power was even broader than he thought.
The 41-year-old former federal prosecutor, who spent the last four years as Andrew Cuomo’s confidant and adviser in the New York attorney general’s office, learned that he had greater latitude to pursue criminal fraud cases than he initially knew.
As the head of the New York State Department of Financial Services …