Washington (CNNMoney) – President Obama will nominate Mary Jo White, a former federal prosecutor in New York, to head the Securities and Exchange Commission, the watchdog agency that monitors Wall Street and corporate financial disclosures.
The nomination will be announced later Thursday, an administration official told CNN. In addition, Obama will nominate Richard Cordray to a full term as director of the Consumer Financial Protection Bureau. Cordray has already been heading the agency, but has been serving on a recess appointment due to Republican opposition to the agency itself, which has blocked a Senate vote on his confirmation.
I think the best person for this job would have been Eliot Spitzer. Not now, though.
Maybe she can whip the SEC into shape so it isn't falling asleep on the job. If it had been doing the job it was supposed to, the SEC might have caught some of the problems that have had made major news before they were so big.
I hope she puts some Wall street Bankers behind bars with some heavy time ,
At least in China they shoot a few corrupt bankers now and then and sell there organs . Maybe we could try that here in the USA .