Simon Johnson: The S.E.C. at a Turning Point

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Simon Johnson: The S.E.C. at a Turning Point

Simon Johnson: The S.E.C. at a Turning Point

NYT-

The job of head of enforcement at the Securities and Exchange Commission is now open. The Obama administration should press for the appointment of Neil Barofsky, former special inspector general for the Troubled Asset Relief Program, to this position. Unfortunately, the administration has given no indication it will do so, leaving the impression that it is likely to be business as usual for the next four years, with regulators who are less than tough on the industry.

(I have also endorsed Mr. Barofsky as a chairman of the S.E.C.; clearly, I want him at the commission one way or another.)

[NEW YORK TIMES]

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