[EL] New Republic: Mary Jo White doesn't scare anybody

[Craig Holman]

Some on this listserv may find the New Republic article on the SEC political spending disclosure rulemaking of interest.


http://www.newrepublic.com/article/117632/secs-mary-jo-white-whiffs-transparency-wall-street-dark-money
 
New Republic

CORPORATE OVERSIGHT
MAY 4, 2014

Mary Jo White Doesn't Scare Anybody
Obama's SEC chief has whiffed on regulating corporations
BY ALEC MACGILLIS @AlecMacGillis




L
ast year, when President Obama named Mary Jo White as his pick to chair the Securities and Exchange Commission, he cast the nomination as a shot across the bow of Wall Street wrong-doers. “It’s not enough to change the law,” he said. “We also need cops on the beat to enforce the law.”




 
Which is why it might seem strange that, one year into White’s tenure in one of the government’s most important regulatory posts, many of those on Wall Street and in corporate corner offices are breathing a sigh of relief. It turns out that being a tough enforcer of the rules is different from being a hard-minded conceiver of the rules—especially when it comes to bringing more transparency and accountability to corporate management, something that may be as important as wringing convictions from bad guys.
At a time when the country could sorely use big-picture reforms in corporate law, White is largely taking a pass.


Craig Holman, Ph.D.
Government Affairs Lobbyist
Public Citizen
215 Pennsylvania Avenue SE
Washington, D.C. 20003
T-(202) 454-5182
C-(202) 905-7413
F-(202) 547-7392
Holman at aol.com
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