Corralling Mobsters, if Not Many Big Banks
EVERYONE knows about the mobsters and terrorists that Mary Jo White successfully put behind bars during her nine years as United States attorney for the Southern District of New York. Less well-known is Ms. White’s record bringing cases against large financial institutions during her stint as the top criminal prosecutor in New York.
Ms. White, who has been nominated to become the chairwoman of the Securities and Exchange Commission, ran the Justice Department’s unit in the Southern District, which includes Manhattan, from 1993 until January 2002. She is expected to appear at a confirmation hearing before the Senate Banking Committee on Tuesday.
Ms. White’s recent work as a partner at Debevoise & Plimpton, where she represented JPMorgan Chase, Morgan Stanley and other companies, has come under scrutiny. Her record as a federal prosecutor of financial crime has received less attention.
Given that regulating financial firms will become her purview if she heads the S.E.C., assessing her pursuit of financial fraud as a prosecutor may provide clues to how she would run the agency.
Let’s just say her prosecutorial stint did not include a lot of cases against large United States financial institutions.
Rest here…
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The heck with that …. Put Elizabeth Warren in charge of the SEC and the Justice Department
Surely she can get them with Rico?
A mammoth conflict of interest may the bombshell tht explains everything and what weve all been sensing and looking to uncover..Can a BLANK note be a negotiable instrument that allows severe siezures of property and money and further legal actions that forclosures cause under so called certain pretty wierd rules…. BLANK ENDORSEMENT of ownership? So its…cash? Is it tracable? By who? The courts say we cant know! So who can we counter sue? Assets, assets, who owns the assets and if they owned by americans or free people or non militant groups then when does the IRS actaul charge these BLANK ENDORSERS the transaction fees when they are allowed to secretly change hands? AHAA! If we are sued by anyone…which the law allows…we have a right to sue anyone right back…right? Or is that off the table along with all the insults to our intellect.Can we sue the companys listed and there owners? Should we sue BLANK ENDORSER NUMBER### as owners of the note…so who are they and why and what are they hiding???
So the message here is that she was exceptionally effectve on small time hoods, but then paused, or referred or didn’t do anything once the size of the fish was determined. This is an extension of the principle of “one set of laws for one group, another if you aren’t a member of their country club”. Not sure of Gretchen’s point, Mary Jo has proven herself to be “capable” and “effective”.