Wall Street

The Financialization of Food

Sasha Breger Bush: In the name of democratizing finance, derivative exchanges are achieving the opposite

 

Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House | Matt Taibbi | Rolling Stone

I was shocked when I heard that Mary Jo White, a former U.S. Attorney and a partner for the white-shoe Wall Street defense firm Debevoise and Plimpton, had been named the new head of the SEC.

I thought to myself: Couldn’t they have found someone who wasn’t a key figure in one of the most notorious scandals to hit the SEC in the past two decades? And couldn’t they have found someone who isn’t a perfect symbol of the revolving-door culture under which regulators go soft on suspected Wall Street criminals, knowing they have million-dollar jobs waiting for them at hotshot defense firms as long as they play nice with the banks while still in office?

via Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House | Matt Taibbi | Rolling Stone.