Ex-U.S. Attorney White eyed for top SEC post-source

[formercia]






http://www.reuters.com/article/2013/01/20/sec-white-idUSL1N0AP2FH20130120

By Sarah N. Lynch
WASHINGTON | Sun Jan 20, 2013 2:39pm EST

Jan 20 (Reuters) - Mary Jo White, the former U.S. attorney for the Southern District of New York, is being considered as a candidate to head up the U.S. Securities and Exchange Commission, a source familiar with the matter has confirmed.

--snip--

If she is ultimately tapped by the White House, however, it is unclear how some of the more liberal U.S. senators might react given the fact White has been so heavily involved in defending big banks for their roles in the financial crisis.

Last year, White represented JPMorgan Chase & Co in its portion of the $25 billion multibank settlement reached to resolve allegations of mortgage servicing abuses.

:wtf:

She also represented former Bank of America Corp CEO Ken Lewis over a civil lawsuit in connection with Bank of America's acquisition of Merrill Lynch.

[Enthusiast]

1. WTF is the big question.

I guess now the main function of the SEC is to defend the miscreants.