RETANK
Thursday, August 18, 2011
Is the SEC Covering Up Wall Street Crimes?
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the SEC under Obama has been run by Clinton's veteran deregulator Mary Schapiro, a person who believes that most financial regulation is too burdensome and stifles financial innovation. After spending the Clinton years regulating as chair of the CFTC, she spent the Bush administration on the board of Duke Energy and Kraft Foods, as well as working for the self-regulating non-governmental organization FINRA where she earned a compensation package as large as Lloyd Blankfein's. I mean c'mon, at FINRA she appointed Bernie Madoff's son as a compliance officer, and yet this is who Obama decided was the right person for the top job at the SEC, as he entered the White House at the height of the worst financial crisis in a generation
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