Meet the New Enforcement Chief of the SEC – The Guy Who Orchestrated Last Year's Discredited National Mortgage Settlement on Behalf of Wall Street

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Meet the New Enforcement Chief of the SEC – The Guy Who Orchestrated Last Year’s Discredited National Mortgage Settlement on Behalf of Wall Street

Meet the New Enforcement Chief of the SEC – The Guy Who Orchestrated Last Year’s Discredited National Mortgage Settlement on Behalf of Wall Street

Wall Street On PARADE-

Yesterday, Mary Jo White, the new Chair of the Securities and Exchange Commission, announced that a law partner from the firm she just left, Debevoise & Plimpton LLP, would become the new Co-Director of the SEC’s Division of Enforcement – the unit that decides who gets prosecuted and who gets a pass.

In making the announcement that Andrew Ceresney of Debevoise & Plimpton will share the post with the Acting Director, George Canellos, White called Ceresney a “former prosecutor.” That hardly does justice to the cozy ties between Ceresney and Wall Street. (Ceresney worked for the U.S. Attorney’s office in the Southern District of New York in a prior career but has been employed at Debevoise since 2003.)

This time last year, Ceresney was basking in the glow of a herculean accomplishment for JPMorgan Chase, Citigroup, Wells Fargo, Bank of America and Ally. While directly employed as counsel to JPMorgan Chase, Ceresney had played a pivotal role in directing the negotiations between the U.S. Justice Department, 49 state attorneys general and an array of Federal regulators to tie up with a neat little red ribbon charges of mortgage, foreclosure and servicing fraud into the infamous National Mortgage Settlement – a deal big on promises and short on cash.

[WALL STREET ON PARADE]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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2 Responses to “Meet the New Enforcement Chief of the SEC – The Guy Who Orchestrated Last Year’s Discredited National Mortgage Settlement on Behalf of Wall Street”

  1. Ray says:

    All of Washington and The Wall Street Shylocks need to be erased! We need a completely new slate! A completely new cast of characters.

  2. Rob Harrington says:

    Fascism at it’s finest! “I pledge allegiance, to the corporate states of America. One cash cow, under godless people, invisible, with no liberty or justice for 99%!”

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