In news that is not surprising to anyone with a firing neuron in their brain, a report by the Project on Government Oversight (POGO) finds that the incestuous nature of the SEC-Wall Street relationship caused reform efforts in the money market fund industry to fail. Former U.S. Securities and Exchange Commission staffers who now work [...]

Yesterday President Obama nominated Mary Jo White to head the Securities and Exchange Commission. The administration and establishment media highlighted White’s experience as a prosecutor and hinted at the possibility of a more aggressive SEC. But now that there has been time to digest the nomination there seems to be some familiar problems. Mary Jo [...]

President Obama announced his nominees for heading the Securities and Exchange Commission and the Consumer Financial Protection Bureau today. Mary Jo White is the nominee to head the SEC. A former prosecutor and corporate attorney at Debevoise & Plimpton. Many are pointing to her experience as a prosecutor as an indication the Obama Administration might [...]