Tuesday, March 12, 2013

SEC nominee made millions defending banksters

I think this story should get the "aw shit" award of the week. 

Mary Jo White has made millions representing the banksters during the financial meltdown making her a blatant conflict of interest, and now she is Obama's choice for head of the SEC. She is of course lauded by Forbes (representing the creme de la creme of Wall Street) and they chortle about the alternative, "While in some cases lawyers do not manage the transition well or wisely, what is the alternative to professional movement:  career government lawyers chained to their desks?  Could we attract talented lawyers to public service without the freedom to reenter private practice?  Would we want government lawyers who represented only one side for their entire careers?".  (Translated:  "Yeah, we went to the dark side, but we're good at what we do.")

She doesn't have my confidence at all.

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