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March 13, 2013

Mary Jo White faces no opposition at SEC confirmation hearing

For all the rumblings about Mary Jo White’s ties to big interests on Wall Street, some of the most revelatory comments that emerged from her Senate confirmation hearing Tuesday had to do with her recreational habits.”

“‘She apparently indulged a fondness for motorcycle riding,’ Sen. Charles E. Schumer (D-N.Y.) said when introducing White at the hearing. ‘And despite her [short] physical stature, was a fierce competitor in the Women’s Basketball League in New York.'”

The hearing was a letdown for anyone expecting fireworks. Not a single senator voiced even slight opposition to President Obama’s pick to head the Securities and Exchange Commission, despite previous concerns by some about her ability to effectively police Wall Street.”

For the past decade, White has defended big financial services firms as a top litigator at Debevoise & Plimpton, a credential that comforted lawmakers aligned with Wall Street interests. Prior to that, she put terrorists and frauds behind bars during a nine-year stint as U.S. attorney in Manhattan, a track record often cited by Democratic supporters.”


Read full Washington Post article here

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