For four long years, American businesses were forced to operate under a regulatory climate that many executives describe as hostile, exhausting, and economically destructive. Now one of the most powerful voices on Wall Street is saying the quiet part out loud.
Ken Griffin, the billionaire founder of Citadel, delivered a blunt assessment of the Biden years while speaking before global leaders at the World Economic Forum. His message was unmistakable. The regulatory assault under President Joe Biden was relentless, misguided, and deeply damaging to economic growth.
Griffin did not speak in abstractions. He spoke from lived experience at the helm of one of the largest and most complex financial firms in the world.
“You cannot imagine how painful it was each and every day under the Biden administration to look at what new crazy proposal was being put into place to solve a problem that didn’t even exist.”
That was not a once in a while frustration. Griffin emphasized that the burden was constant.
Every single day.
According to Griffin, Citadel faced nonstop interference across countless aspects of its operations. Compliance hurdles, regulatory uncertainty, and bureaucratic intrusion became part of the daily routine. He described the experience as draining and unsustainable.
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