The regulatory forecast for Wall Street is in — the cold snap’s over and it’s going to be hot with an increased chance of enforcement actions. That outlook popped up on the radar screens yesterday after President Obama nominated Mary Jo White, a tough-as-nails former prosecutor, as the head of the Securities and Exchange Commission. If confirmed by the Senate, White, who wiped the Teflon from John Gotti by winning a murder conviction against the mobster, would be the first prosecutor to lead the securities regulator. “We need to keep going after irresponsible behavior in the financial industry
I thought the Gotti conviction was obtained by the US Atty in Brooklyn. Whatever the case, she has earned respect as a prosecutor. The SEC performs a valuable function in preventing fraud but in the process, imposes a lot of burdens on businesses.
As long as she goes after actual fraud and cheating, I am cool with her. Don´t forget the prosecutors who have gone after people just to advance their careers, when said victims of their attacks had done nothing illegal.
And given that this is coming from Obama, I am very uneasy.
Very selective in her prosecutions it seems. If you´re a union thug or dem, you will likely be safe. Republican financiers should watch their backs, however. Just another partisan hack and Obama flack, I suggest, and, like Elizabeth Warren, a legal gun for hire when a buck is to be made.
Sorry to post again on this thread. I do not know Mary Jo White, but I do know a few things about her. She and her husband have lots of money between them. She does not need to pad a retirement account that is probably already huge (and probably well-sheltered from taxes). And why do we really care what she does at the SEC? The SEC goes after civil violations. Madoff would be a free man if it were just up to the SEC. It´s still the US attorney´s job to prosecute crimes. She may do more to implicate Dodd Frank but so would anyone Obama appointed. She´s probably not a bad choice--she is certainly familiar with the corporate world, since she and her husband have spent most of their lives, and made most of their wealth, representing corporate clients.
#10 is on it! Known as Mary Jo Molasses, she never gets around to jailing D´rats. W, for reasons known only himsel and Boy Rove put her in charge of investigating the Criminal Clintons for the "Pay for Pardons" scheme. Some will remember De Knees Rich giving $400,000 to the Clinton Library. And Slick pardoned her husband who was convicted of tax fraud and owed $100 million. Molasses White said ...move on!
In response to Dylan Byers: MSNBC Is Everything the Left Accuses Fox News of Being: The Byers criticism of MSNBC was interesting and significant because it exists at all, but he´s still praising them with faint damn. He goes out of his way to drag Fox down to their level over and over again; he´s willing to concede that MSNBC might be as bad as Fox, when to any objective observer, there is simply no comparison. MSNBC is a gutter-dwelling performance-art interpretation of a shrieking-loon far left website, not a news channel with a high percentage of left-leaning opinion.
Environmental Protection Agency employees received light punishments for “employee integrity” violations and avoided prosecution when crimes allegedly occurred, according to the agency’s inspector general. The IG revealed a list of employee integrity violations that included assault, illegal possession of a weapon, and efforts to solicit improper personal payments from agency contractors, among other violations. Many received light punishments for the offenses, including ethics counseling, short leaves of absence, and informal discussions with supervisors. One employee was sentenced to 18 months of probation for attempting to carry a knife, stashed in one of his shoes, onto a plane. Despite the criminal prosecution, the
The Department of Health and Human Services (HHS) is spending an additional $55 million to “bolster” the healthcare workforce, as Obamacare contributes to shortages in the industry. HHS Secretary Kathleen Sebelius announced last week that her agency will provide over 270 grants “from diversity to dentistry” to address worker shortages in the healthcare industry. The funding includes $45.4 million to support the nursing workforce, $5.2 million of which will go towards “improving nursing diversity.” The grants also provide $2.4 million for training of doctoral-level psychologists to “address the behavioral health needs of vulnerable and underserved populations,” and $3 million to support
Office Depot said Tuesday it has chosen Boca Raton, Fla. for its new headquarters over Naperville. Office Depot completed its merger with Naperville-based OfficeMax last month, but the pair hadn´t yet announced where the combined company would be based. The companies asked for tax breaks from both states. Illinois lawmakers adjourned last week before making a decision. Last month, the company named Roland Smith, the former head of the U.S. unit of supermarkets operator Delhaize Group, as its new CEO, hoping to tap into his turnaround and integration background. The company said the evaluation of its headquarters selection was based
The most influential think tank in Washington is getting a new address: 1600 Pennsylvania Avenue. Metaphorically speaking, of course. But The Center for American Progress has so many contributors, fellows, and staffers who already work there they may as well make it offical and change the address on their business cards. This is especially true now that the founder and chairman of the board of CAP, John Podesta, is going to work for Obama. New York Times: President Obama, after a rocky year that leaves him at the lowest ebb of his presidency, is bringing into his White House circle the longtime
WASHINGTON- Democratic Representative Mel Watt´s nomination to lead the agency that regulates taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac cleared a procedural hurdle in the U.S. Senate, putting it on course for final approval likely later on Tuesday. President Barack Obama nominated Watt in May to head the Federal Housing Finance Agency, but Republicans had blocked a final vote. Last month, however, Senate Democrats changed the rules to allow nominees like Watt to overcome filibusters with a simple majority in the 100-seat chamber. Previously, it took 60 votes.
The generous mystery tipper who has been leaving waiters and waitresses across the country thousands of dollars in "Tips for Jesus" — and stamped with the @tipsforjesus handle — was identified by a New York City waiter as Jack Selby, former PayPal vice president. Aruj Dhawan, a waiter at Bo´s Kitchen, told the New York Post that Selby and two other patrons gave him a $1,000 tip on a $111.05 bill. "As I was about to drop the check off, one of the men said they would ‘make my night.’ They called me over, gave me the check," Dhawan told
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
President Obama, former president George W. Bush and their wives departed Washington Monday morning on Air Force One on their way to a memorial service in South Africa for Nelson Mandela. The president and first lady Michelle Obama are being accompanied by Mr. Bush, former first lady Laura Bush and former Secretary of State Hillary Rodham Clinton on the flight to Johannesburg. A four-hour memorial service will be held on Tuesday for South Africa’s first black president. Mr. Mandela, the anti-apartheid revolutionary, died on Thursday at age 95. Former President Bill Clinton and daughter Chelsea are traveling separately to South Africa. Former President