Biden Federal Reserve nominee embodies Wall Street's revolving door

Sarah Bloom Raskin was always going to be successful, no matter what path she chose. She just happened to choose the path that passes through the revolving door.

Raskin is President Joe Biden’s nominee to be the top bank regulator at the Federal Reserve. On a meritocratic level, her resume qualifies her for the job. She has lots of relevant experience. But on an ethical level, Raskin’s career path disqualifies her from the job. People who serially cash out to monetize public service corrupt both government and industry. This is something Biden should not reward.