“Mary Jo White is tough. Really, she is.”
“That’s the message that Chuck Schumer, the Democrat who represents New York (and Wall Street) in the Senate, tried to convey as he introduced White during her confirmation hearings before the Senate Banking Committee. White is President Barack Obama’s choice to head the Securities and Exchange Commission – the permanent replacement for the already-departed Mary Schapiro – and Schumer’s comments were directed as much, if not more, at his fellow Democrats as at his Republican adversaries. Because while White earned a rather fearsome reputation when it came to prosecuting mobsters and terrorists during her tenure as U.S. Attorney for the Southern District of New York, she went on to a second career representing Wall Street honchos like John Mack of Morgan Stanley and Ken Lewis of Bank of America.”
Read the full Fiscal Times article here.