7thriv

Obama's Pick to Head SEC Has Record Of Being a Regulator With a Light Touch, which is just what we need in the post-Crash, post-Madoff world. This is beginning to look like a weak pick. Shapiro gives every indication of being a wealthy, middle aged executive who speaks in the droning language of the Planet Corporatica. Her regulatory experience is based on years as a "private" regulator for entities (NASD and then FINRA) set up by the securities indsutry to regulate ... the securities industry! She was paid $3 million per year to do this. In exchange, she tended to come down hard on small fry for technical violations while Madoff (who was specifically referred to FINRA), and other Big Boys got away with murder. Like the liberals who ran Fannie Mae and Freddie Mac, Shapiro has made a fortune off the liberal ediface built over the last 75 years while simlutaneously destroying it (but they had Good Intentions!). She may turn out to be the George Tenet of the SEC.