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The President taps SEC Commissioner Elisse Walter to replace Mary Schapiro as new agency...

The President taps SEC Commissioner Elisse Walter to replace Mary Schapiro as new agency chairman. For laughs: "Your knowledge and experience is so important in these complex times ... We are lucky to have you." - a letter from Bernie Madoff to Walter upon her 2008 appointment as a commissioner (pg. 375).
Comments (16)
  • should've went with my girl krawcheck.
    26 Nov 2012, 12:01 PM Reply Like
  • Isn't Schaprio related by marriage to one of the Madoff clan? Seems I recall that she should have stepped down for conflict-of-interest but my memory is fuzzy.
    26 Nov 2012, 01:19 PM Reply Like
  • So telling about the state of financial regulation in this country.
    26 Nov 2012, 12:07 PM Reply Like
  • He got a woman....equal work for equal pay.....both got paid for doing nothing...where is John Corzine???
    26 Nov 2012, 12:18 PM Reply Like
  • She could have been replaced with a bucket of sand. The SEC is a joke.
    26 Nov 2012, 12:45 PM Reply Like
  • when you're right, you're right.
    26 Nov 2012, 12:50 PM Reply Like
  • "The SEC is a joke"...just the way it was drawnup in the GOP playbook, underfund said Department...wait for overburdened staff to blunder point fingers and say see we need to do away with this useless Department...meanwhile the agos frontrun every order sent to matket (which is highly illegal) whilst not risking a dime...I am sure a non SEC world would self police this behavior, not!
    26 Nov 2012, 12:53 PM Reply Like
  • so republicans have conspired this whole time to undermine the operations of the SEC through lack of funding in order to achieve... what, exactly?
    26 Nov 2012, 01:00 PM Reply Like
  • I can't believe you just asked that question.
    26 Nov 2012, 02:15 PM Reply Like
  • really? seems like a pretty rational question to ask since all you ever hear from krugmanites is how evil republicans are using the banking system to hollow out the middle class, how keynesianism is the correct economic policy and only enlightened liberals understand it, and how conservatives are just closet racists; with no factual basis to back those claims up. so, to me, the question seems totally valid.
    26 Nov 2012, 02:31 PM Reply Like
  • Last I checked, we have a Democrat in the white house that could bolster the SEC any time he saw fit.


    You folks have to get past the Democrat/Republican blame game. Both parties are bought and paid for by Wall Street now.
    26 Nov 2012, 10:15 PM Reply Like
  • ...last I checked, Congress holds purse strings so not sure how WH could bolster SEC without $$$, and ohh yes The Dems are complicit just not as blatantly.
    27 Nov 2012, 09:41 AM Reply Like
  • NO regulation
    26 Nov 2012, 01:07 PM Reply Like
  • wake up same thing is and will happen to EPA, FDA you name it.
    26 Nov 2012, 01:08 PM Reply Like
  • wait until your poison fracked water well make fresh water unavailable and lucky you corporation x will sell you water at 10x what you once paid...ahhh the free market is lovely, but if unchecked a dangerous situtation
    26 Nov 2012, 01:10 PM Reply Like
  • another shill
    26 Nov 2012, 03:31 PM Reply Like
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