Tuesday, April 28, 2009

WSJ Mistitles Article!-2

"Law firm Davis Polk & Wardwell [DWP] recruited the [SEC's] former enforcement chief and another former high-level government lawyer to join its white-collar defense group, part of an effort to expand its Washington practice. Linda Chatman Thomsen, who left the SEC earlier this year, and Raul Yanes, former staff secretary to President George W. Bush, are joining the law firm as partners. Both had worked at [DPW] in New York before joining the government. ... [DPW] clients, including large financial institutions, are closely entangled with the government as it has pumped billions of diollars into financial rescue plans. ... Yanes, 43, spent a decade at [DPW] before stints at the Justice Department, the Office of Management and Budget and the White House. Ms. Thomsen, 54 is returning to [DPW] after nearly 14 years at the SEC, where she rose through the ranks and made her name working on the Enron accounting fraud case. ... Returning to Davis Polk 'wasn't a foregone conclusion in my mind at all,' Ms. Thomsen said. 'I was very lucky to have lots of opportunities'," my emphasis, Kara Scannell at the WSJ, 13 April 2009.

A better title, "Davis Polk attorney loaned to SEC, returns to firm". I'm sure Thomsen had "lots of opportunities". Why? Wasn't that public spirited of DWP, to "loan" the SEC Thomsen for 14 years? I last mentioned Thomsen on 18 February 2009, link: http://skepticaltexascpa.blogspot.com/2009/02/sec-faulted-lacks-gulag.html.


Anonymous said...

Ping Pong Thomsen

Ping Pong Yanes


Revolving door government!

Jr Accountant said...

Throw in some Goldman alums and you've got the perfect politicosocioeconomic trifecta of Doom.


Anonymous said...

I was very glad Raul was inside the White House. He added some common sense and smarts where they were clearly needed.