"A seasoned career regulator, the 53-year-old Schapiro was tapped by President Barack Obama to succed Christopher Cox as chairman of the SEC, and people are hoping she can restore investor confidence in the beleaguered agency. ... Some critics have reservations about her past performance, however. ... Still Schapiro has 'great credibility,' says Stephen Crimmins, a partner at Washington, DC, law firm, Mayer Brown and deputy chief litigation counsel of the SEC's enforcement division from 1993 to 2001, and 'she has the respect of the entire regulatory community'," my emphasis, Edward Teach at CFO, February, 2009.
The revolving door revolves once more. Has Schapiro a friend at Mayer Brown (MB)? We know them, see my 5 January 2009 post: http://skepticaltexascpa.blogspot.com/2009/01/feds-in-motion-2.html. Crimmins leaves the SEC for MB, Casey leaves the DOJ for MB. I guess MB "owes" the SEC or DOJ at least one senior attorney. Crimmins, are you going back? It's good to see Schapiro has credibility with someone. At least CFO didn't quote Mary Jo White, the "ping pong ball Fed".
1 comment:
"she has the respect of the entire regulatory community"....
I thought I heard of chorus of applause from Wall Street on her nomination too...
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