The big news this week was the announcement that Mary Jo White will be Obama’s nominee to become Chairman of the SEC. We’re forming our thoughts on this and will be back with those soon. In the meantime, there were plenty of other developments to discuss.
The Good
- Lanny Breuer abruptly resigns as head of DOJ Criminal Division after damaging Frontline report by Martin Smith. Yves Smith at Naked Capitalism
January 23, 2013
- IMF Chief Christine Lagarde talks about income inequality and the necessity of cutting bankers pay at Davos. Ben Chu at the Independant
January 24, 2013
The Bad
- Dodd-Frank reminder: The GAO reports that fewer than 50% of the new rules called for by Dodd-Frank had been finished by regulators by the end of 2012. Reuters
January 23, 2013
- John Vickers, chairman of Britain’s Independent Commission on Banking, says U.K. banks shouldn’t be restricted from proprietary trading in a way similar to the U.S.’s so- called Volcker rule because it would be too complicated to police. Howard Mustoe at Bloomberg
January 16, 2013
The Ugly
Mary Jo White, will not change or fix the corruption, she just another patsy for the lobbyist. She did a dirty deal for her brother Donald Trump, in a apartment deal in nyc.