Tonight’s question, greetings, and social banter. (More)
President Obama has nominated Mary Jo White to be the first former prosecutor as head of the SEC. Will White’s lack of connection to Wall Street send shivers through the world of investment banking? Will she be able to change the culture of the good old boys club enough to make their next clubhouse a federal penitentiary? Or is White the right woman at the wrong time? White promised to “to protect investors and to ensure the strength, efficiency and the transparency of our capital markets.” Will that help the public believe in financial reform?