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March 13, 2013

White Pressed on Past Representing Banks

Mary Jo White, in a Senate hearing Tuesday, fended off pointed questions from lawmakers about whether her time spent defending Wall Street banks would impinge on her ability to police Wall Street.

Since 2002, President Barack Obama’s pick to become chairman of the Securities and Exchange Commission has worked for the law firm Debevoise & Plimpton LLC, where she often represented large corporations and banks. Members of the Senate Banking Committee, often from the president’s own party, pressed her to guarantee that her law-firm work wouldn’t stop her from taking on Wall Street’s wrongdoers.

“What have you done [in] the last decade that ordinary investors can look at and be assured that you will advocate for them?” Sen. Sherrod Brown (D., Ohio) asked Ms. White.”

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Read full Wall Street Journal article here

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