For the rich sleazoids who caused the Great Crash, it’s hard to decide which mansion to live in today. You losers should suffer for their entertainment.
|By: masaccio Sunday September 15, 2013 10:34 am|
|By: masaccio Sunday December 2, 2012 10:45 am|
Robert Khuzami thinks settling with cheats and frauds is a great idea. Why bother with all that silly trial stuff? He must be right, he’s on the short list for SEC Chair.
|By: David Dayen Thursday November 29, 2012 10:56 am|
Mary Miller, a Treasury Department official seen as the expected pick for the next head of the SEC, dropped out of contention yesterday, leaving an unclear path forward. Elisse Walter, who was designated as the new chair, replacing the departing Mary Schapiro, is seen as a stopgap pick. But her elevation to the top slot means that the SEC is one member down on its commission, with a 2-2 split between Democrats and Republicans. This will likely stall out almost all its important initiatives in the coming months until a new commissioner gets nominated and confirmed, and unless the Administration wants to give credence to the theory that they want to tie the bureaucratic hands of a key financial regulator, they need to nominate someone soon.
Speculation has focused not on a career prosecutor or someone with a record of tough oversight of the financial industry, but Sallie Krawcheck, “a longtime Wall Street executive” from Bank of America, and Robert Khuzami, the current head of enforcement.
|By: David Dayen Monday November 26, 2012 12:50 pm|
The White House, in announcing the departure of Mary Schapiro as Chairwoman of the SEC, also took the unusual step of “designating” her replacement – a way to fill the vacancy at the top of the commission without confirmation in the Senate. Elisse Walter, a current commissioner, will replace Schapiro.
|By: David Dayen Monday November 26, 2012 10:26 am|
Schapiro’s replacement matters. Simon Johnson kicked this off a few days ago, juxtaposing the bona fides of Treasury Department under secretary for domestic finance Mary Miller (a former mutual fund executive) against former Special Inspector General for TARP Neil Barofsky. There’s no question than an experienced prosecutor like Barofsky would change the SEC’s culture, but there’s almost no chance he will ever hold another job in Washington, as he was specifically told by Herb Allison right at the beginning of his book Bailout.
|By: masaccio Sunday April 22, 2012 11:00 am|
It’s easy to salute and say Yes Sir. It’s too hard to regulate, investigate and prosecute.
|By: masaccio Saturday January 28, 2012 12:00 pm|
SIGTARP isn’t happy about the failure of the Treasury to enforce its regulations on home mortgage servicers. Treasury has no response, and just whines. Anonymously.
|By: masaccio Sunday September 11, 2011 10:40 am|
Bernanke can’t understand why consumers aren’t acting in accordance with his understanding of rationality. Mary Schapiro and Robert Khuzami of the SEC don’t punish people for securities fraud. They all should look to the past for help understanding how to do their jobs.
|By: Scarecrow Wednesday July 28, 2010 5:55 pm|
S.E.C. Chairwoman Mary Schapiro announced improved public participation procedures to open up SEC’s rulemaking proceedings, thus proving that doing the public’s business in public isn’t hard. So what’s the excuse of other Federal agencies (like FCC) and Obama’s extreme closed-door Catfood Commission?
|By: masaccio Saturday July 17, 2010 7:56 am|
Timothy Geithner doesn’t like Elizabeth Warren, she is mean to him. Who, then, can we get to head up the Consumer Financial Protection Bureau?