Posted on 11/14/2016 4:33:02 PM PST by blueyon
NEW YORK – Mary Jo White announced plans on Monday to step down as chair of the powerful Securities and Exchange Commission before President-elect Donald Trump takes office.
White’s term at the helm of the SEC hadn’t been scheduled to expire until June 2019.
Trump has promised to roll back the sweeping regulation of Wall Street that White has spent nearly four years trying to install. In fact, implementing Dodd-Frank rules and other financial reforms had been one of the biggest challenges during White’s tenure at the SEC.
(Excerpt) Read more at wtkr.com ...
She investigated Marc Rich’s pardon? That explains a lot!
Good, another useless eater quits.
When the Gators beat Bama in the SEC Championship, then all will be right
Sounds like a job for Ann Barnhardt.
Is this old hag leaving before she is indicted?
Now that sounds like the Hillary crowd’s take on reality. It’ll be uglier than last year.
Drain the Swamp!
;)
A crash is coming?
Absolutely standard for Commission Chairs to resign with a change in White House party. The rule for the regulatory commissions is that they have 3 members of the President’s party and 2 members of the other Party, and the President chooses one of his own Party’s members to be Chairman. The resignation avoids the indignity of being a mere Commissioner after having been Chair, and also permits the President immediately to have a majority from his Party on the Commission. The FCC, CFTC, NRC, STB and FTC Chairs will all announce their resignations shortly, under the same principal. The Federal Election Commission and Civil Rights Commission run by different rules and traditions.
update: Gators upset LSU 16-10, so Bama’s route to Tampa runs through them. I freely admit that a Gator win would be the biggest upset in SEC history since Auburn’s in the Iron Bowl a few years back, but upsets have almost been the norm in college football this year, so anything is possible. If I were a Tide fan, I would want Bama to run up the score early and don’t give the Gators a chance.
CNS doesn't intentionally run up scores, especially against former assistants now HCs in good standing.
I'm glad y'all got Nussmeir! ;)
OCTOBER 2016 : (PETER STRZOK'S LAWYER WIFE MELISSA HODGMAN IS NAMED ASSOCIATE DIRECTOR OF THE U.S. SECURITIES AND EXCHANGE COMMISSION / SEC... PETER STRZOK WOULD LATER JOIN THE MEULLER "RUSSIA PROBE" BUT BE DISMISSED AFTER GETTING INVOLVED TEXTUALLY WITH FBI LAWYER LISA PAGE)
There was a hack of the SEC in 2016
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