A New Sign that President Obama Is Getting Serious About Prosecuting Financial Crime

Friday, January 25, 2013

President Obama announced yesterday that Mary Jo White, a former federal prosecutor, is his pick to serve as the next chair of the Securities and Exchange Commission.

White would succeed Elisse B. Walter, who took the post after Mary Shapiro stepped down in December. Shapiro guided the S.E.C. through the wake of the financial crisis, and White will now take the reins as part of the new crop of Obama’s second term.

If confirmed by the Senate, White will be the first prosecutor to head the S.E.C., suggesting that the Obama administration may be making a point of elevating financial crimes to the criminal level.

New York Attorney General Eric Schneiderman discusses President Obama's pick.

Guests:

Eric Schneiderman

Produced by:

Ellen Frankman

Comments [2]

Charles

If this fireball of a prosecutor hand-picked by Obama and given all of the tools that she could reasonably ask for, and if at the end of her tenure we see a record of no successful criminal prosecutions of financial executives stemming from the 2008 financial collapse, will the Left finally agree that no serious major prosecutions were warranted?

If not, why not?

Jan. 25 2013 12:35 PM
Kay Merkel Boruff from Dallas

50% Women Hold Up the World: Thanks, Obama, for appointing Mary Jo White, a strong, bold woman, to help the US solve its problems. [GOP listener]

Jan. 25 2013 12:30 PM

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