Cop or Suspect? Tough Decisions in Anti-Corruption

On the surface, the nomination of Mary Jo White to head the Securities and Exchange Commission (SEC) by President Barack Obama ticks all the requisite boxes. Currently the head of litigation at Debevoise & Plimpton, a private law firm, Ms White will add a female voice to Mr Obama’s second-term team, which is so far dominated by men. More importantly, the former federal prosecutor for the Southern District of New York has experience policing Wall Street, which fell under her jurisdiction.  But the appointment is not without controversy.  The Bloomberg site notes that Ms White participated in the defence of many people and institutions at the heart of the financial collapse. In October 2008 she was cited in a critical report by the SEC’s inspector general for receiving “relevant information” that was not publicly available.   Is she a poacher turned gamekeeper or simply setting herself up for another lucrative turn through the revolving door?  Article Mary jo White-2

 

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