“My, my, SEC head of enforcement Robert Khuzami has revealed himself to be both remarkably thin skinned and not very good at making a case for himself.
Former IMF chief economist and MIT professor Simon Johnson took a comparatively mild swipe at Khuzami last week in a post at the New York Times’ Economix blog. Johnson was arguing that the SEC needed a tough head of enforcement and put former SIGTARP chief Neil Barofsky up for the job. Johnson ‘fessed up that that was a bit of a downgrade, since he had earlier pumped for having Barofsky head the agency.
Here is Johnson’s discussion of Khuzami:
The departing director of the division of enforcement at the S.E.C. is Robert Khuzami, a former general counsel for the Americas at Deutsche Bank, a job he held from 2004 through early 2009. Although Mr. Khuzami was once a distinguished prosecutor, his appointment to the S.E.C. turned out to be a mistake because Deutsche Bank was so deeply involved in the securitization morass that led to the financial crisis of 2008.”
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