“The designation which we fight for all the time is a hollow designation because there is no backup,” Poe told The Daily Beast.
The new Treasury Department designation comes amidst a rash of MS-13–related arrests across the country.
But the designation signaled a new era of deep and possibly painful regulation for the independent investment banks.
late 14c., "action of pointing out," from Old French designacion or directly from Latin designationem (nominative designatio) "a marking out, specification," noun of action from past participle stem of designare (see design (v.)). Meaning "descriptive name" is from 1824.