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Forum Post: Mary Jo White = Regulatory Capture

Posted 5 years ago on Jan. 26, 2013, 3:22 p.m. EST by enough (587)
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[-] 2 points by beautifulworld (22863) 5 years ago

"Think about it: how do you go back and sit in S.E.C.’s top spot after all of those years earning millions as a partner for a firm that represented Morgan Stanley, Bank of America, Goldman, Sachs, Deutsche, Chase, and AIG, among others? Think that fact that his firm has retained her firm has anything to do with Jamie Dimon coming out and saying that White is the "perfect choice" to run the S.E.C.? Think of all the things she knows but can’t act upon. Could she really turn around and target Morgan Stanley after being their lawyer for all those years?"

Truly pathetic, but not surprising. Many thanks to Matt Taibbi as people are becoming aware of these shenanigans. Hope springs eternal. Don't forget that, you young ones out there, and read this stuff. It's important.

[-] 1 points by DKAtoday (33486) from Coon Rapids, MN 5 years ago

Conflict of interest does not exist in the halls of power.

[-] 1 points by enough (587) 5 years ago

The guy is a complete fraud, but we knew that after his first inauguration speech. He is totally in the tank for Wall Street banksters, protecting them at every turn. Romney wouldn't have been any better in this regard. Both political parties are owned by Wall Street and so are the regulators and prosecutors they appoint and confirm. PBS aired this Frontline program a few days ago, which tells you all you need to know about the untouchables, who are above the law and, therefore, better than the rest of us.


[-] 1 points by quantumystic (1710) from Memphis, TN 5 years ago

Just par for the course, any illusions of Obama after his progressive inauguration speech have dissipated before his state of the union speech, fucking amazing.