Bloomberg View columnist William D. Cohan is glad to see Mary Schapiro leaving her post as chairman of the Securities and Exchange Commission. The agency has failed to bring anyone to justice for the malfeasance that brought about the financial collapse, and continues to be a less of a watchdog than a lapdog for the interests of Wall Street.
(William D. Cohan, the author of “Money and Power: How Goldman Sachs Came to Rule the World,” is a Bloomberg View columnist. He was formerly an investment banker at Lazard Freres, Merrill Lynch and JPMorgan Chase.)
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