Jay Clayton’s Christmas list is pretty short: He wants the U.S. Attorney’s job for the Southern District of New York. Unfortunately for him, his patron and golfing buddy, the president of the United States, is very much on the naughty list for 78 million (and counting) American voters, and so the office he seeks is no longer really in Donald Trump’s gift. Unlike many others in the president’s orbit, Clayton seems to realize that the party’s over, as demonstrated by just how little he seems to care about his current job, chairman of the Securities and Exchange Commission.