NYT-
AFTER receiving unanimous support from the United States Senate, Mary Jo White was confirmed last week as the new head of the Securities and Exchange Commission. At her swearing-in, she praised S.E.C. officials for “vigorously enforcing the securities laws.”
Doubts remain, however, about how potent the S.E.C.’s enforcement has been, especially in the aftermath of the mortgage mania. So Ms. White has some work to do.
She surely has a long list of ideas for her S.E.C. stewardship. Here’s hoping that one priority is to determine, and ramp up, investigations and whistle-blower complaints that are approaching their five-year statute of limitations. For a lot of cases involving questionable practices and disclosures arising from the mortgage bust of 2008, time is running out.
image: NYT
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What part of extend and pretend does Gretch not understand? Mary Jo White defended Morgan Stanley, the CEO of BOA, and others who had their hands deep in the frauds of the century. “Questionable practices and disclosures”, pffrt. It’s a lot worse than that, and there are laws on the books, but no one will take action and Gretch knows it.
Which is why I hate her writing, no one can be so purposely shallow of a writer without trying hard to do so. Granted, this is the media where information is intentionally witheld, objective style is maintained for product – but has the press ever been so awful as it is today?
Boy, does she have a face only a mother could love.