BREAKING-Obama to name Mary Schapiro as SEC Chairwoman

[jenmito]

Just now on MSNBC. I know nothing about her.

[blacksmelt]

1. That's it,I'v had enough with Obama.

Palin '12




:sarcasm:

[Connie_Corleone]

2. Waiting for the "What change?" brigade.

[DCBob]

3. Some talking head on MSNBC said she is an insider but a tough, no-nonsense type.

Not exactly change but she should get the job done. Seems to me Obama is being extremely pragmatic with his appointments especially those related to the economy. I think that's smart... considering.

[jenmito]

5. Yeah-I heard some comments but not enough to post. Thanks for that...

and I have no problem with her if that's what they said about her. As long as they find a way to implement HIS ideas.

[sandnsea]

4. CEO of FINRA

http://www.finra.org/index.htm

Formerly with Duke Enron, Kraft Foods.

Not impressed.

[Thrill]

6. LOL. Do you even know her views?

[sandnsea]

11. The Financial Industry Regulatory Authority

She's been in charge of regulating securities and brokerage firms. Hellooooo????

[Neshanic]

17. "Where is my desk? I forgot. Oh and maybe point me to my office?"

[marylanddem]

7. Thanks a lot, Barack - another great selection...

right up there with Robert Gates, Ray LaHood & Rick Warren. What's next?

[Thrill]

8. Do you even know her views? Lets hear them?

[grantcart]

29. now he's given Warren a cabinet position lol

[phleshdef]

9. BrentTaylor, as far as her views, its apparent that she is big on regulation.

http://www.reuters.com/article/pressRelease/idUS198153+31-Mar-2008+BW20080331

There are many other articles on google that suggest as much too. She favors heavy, efficient regulation of the financial industry.

Not much to complain about there as far as I'm concerned.

[jenmito]

10. That's good. I guess some people will always be able to

find something to complain about.

[karynnj]

12. kick

[elkston]

13. Lots of women in the cabinet. Might be record. (eom)

[pjt7]

14. This is from a WSJ article

"Out of the gate, Ms. Schapiro faces potential controversy. In 2001 she appointed Mark Madoff, son of disgraced financier Bernard Madoff, to the board of the National Adjudicatory Council, the national committee that reviews initial decisions rendered in Finra disciplinary and membership proceedings."

[Alter Ego]

16. How was she to know that Madoff's father would turn out to be one

of the biggest scam artists to ever exist in the financial
world?

[pjt7]

22. It's beyond naive to think the son's are not a part

of this scam. You can't hide, or manage a $50 Billion rip-off for decades by yourself/

Let's get real.

PLEASE.

[pjt7]

20. Let's throw in a RAND corporation connection

Ms. Schapiro serves on the RAND Corporation's LRN-RAND Center of Corporate Ethics, Law and Governance Advisory Board.

Can somebody inside DU please bump this discussion to the top of the web=page?

What could be more important than discusssing who is going to "clean up" or "shield" Wall Street?

[DCBob]

21. This from a NYT article...

Federal investigators have found no evidence so far that members of Bernard L. Madoff’s family helped him carry out what may be the largest financial fraud in history, according to a person briefed on the case. Mr. Madoff’s sons, Andrew and Mark, and his brother, Peter, all occupied senior positions at his firm, Bernard L. Madoff Investment Securities, whose assets were frozen after Mr. Madoff told law enforcement agents on Thursday that he had defrauded investors of up to $50 billion. Although the enormous scale of the fraud prompted widespread questions about whether one person could concoct all the necessary paperwork such a fraud would entail, Mr. Madoff, 70, had insisted that his family was not involved in the Ponzi scheme. He said it was “all his fault,” according to a criminal complaint filed last week.

http://www.nytimes.com/2008/12/16/business/16madoff.html?em
===========

Furthermore his sons turned him in.

[Neshanic]

15. She apparently is quite the prize. Whata choice!

[alcibiades_mystery]

19. Hey Neshanic! Remember when you thought there was no way Obama could win?

:rofl:

[Neshanic]

24. My stalker! Happy Holidays.

[alcibiades_mystery]

25. Don't flatter yourself

You political "genius!" :rofl:

Tell us your next prediction, so I can bet the other way immediately!

[SwampG8r]

18. does she believe in sec parity?

i dont want to be stuck in a conference where winning isnt the goal for every team

the sec is the best conference in college football and she better not screw with it!

[pjt7]

23. She was also

appointed to the SEC by Ronald Reagan in 88. Bush Sr. honored that selection for his entire term.

[SwampG8r]

26. but how will she

affect long term coaching?
how does she stand on minority affirmitive action on the coaching staffs?
does she understand the university of florida is number one?

i feel better knowing she has sec ties
i would be more worried if she came from a lesser conference
like the acc or the big 10

[Vinca]

27. So what's wrong with her? There must be something wrong with her.

Does she part her hair on the wrong side? Wear her skirts too short? Or too long? Has she passed the Rahm/Rick Warren/Vilsack/Salazar test? I expect there will be 100 second guessing threads by evening.

[pjt7]

28. Vinca

The biggest crooks & manipulators in this Country/World lie within the finacial community. There also some of the smartest.

After Bernard Madoff screwed people out of aprox. $50 Billion & the SEC didn't sniff it, most people get we have a problem.
The question is how hard & effective will Mary Schapiro go after this group?

Her ties to Duke Energy & RAND Corp are not re-assuring, to me.

We need a non-compromised person leading the SEC. Let's make sure Mary Schapiro is the one.

[Frank Booth]

30. This Is a Slap in the Face!!

I'm not exactly sure why. Just trying to toe the party line around here.