Obama’s New Appointments Prove that He Will Continue to Lick Wall Street’s Boots In His Second Term
January 26, 2013
Puts Fox In Charge of the Henhouse … Again
The party line is that Obama’s new pick for SEC boss – Mary Jo White – will be tough on Wall Street.
For example, the Wall Street Journal writes:
Obama Taps Ex-Prosecutor Mary Jo White, Portending Increased Policing of Wall Street
In reality, this is putting the fox in charge of the henhouse.
White used to represent Morgan Stanley, and blocked an insider investigation into Morgan Stanley boss John Mack.
The truth is that all of Obama’s appointments have been in bed with the big banks … and none of them have “gotten tough” on Wall Street once they were appointed: