Obama Keeps the SEC in Pocket of Wall Street
This article is for subscribers only.
Dec. 3 (Bloomberg) -- As surely as little boys on sledsfollow the first snowfall, the departure of Mary Schapiro aschairman of the Securities and Exchange Commission hasoccasioned one fawning encomium after another from the press.
“It’s not a stretch to say she has saved the regulatorybody from irrelevance, if not outright extinction, and she hasrebuilt it into a powerful presence on Wall Street,” wrote DanaMilbank of the Washington Post.