Obama to Pick Prosecutor to Head SEC: Report
Mary Jo White to head SEC, Richard Cordray to head CFPB
By Kevin Spak, Newser User
Posted Jan 24, 2013 8:42 AM CST
In this Oct. 8, 2002 file photo, Mary Jo White, former US Attorney for the Southern District of New York, appears on Capitol Hill.   (AP Photo/Dennis Cook, File)

(Newser) – Is the SEC about to get tougher? President Obama intends to nominate former US Attorney Mary Jo White to head the organization, sources tell the AP. White spent nearly a decade prosecuting white collar criminals in Manhattan, and has a reputation as a particularly dogged prosecutor of financial fraud cases involving complex securities. She also won convictions related to the 1993 World Trade Center bombing and the 1998 bombings of two US embassies in Africa.

Obama will announce the nomination later this afternoon. At the same event, he'll renominate Richard Cordray to stay on as head of the Consumer Financial Protection Bureau. Obama originally used a recess appointment to slip Cordray into the job without a Congressional vote, but that appointment expires at the end of this year.

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Showing 3 of 11 comments
bewilderbeast
Jan 25, 2013 7:45 AM CST
If it happens that the SEC finally gets a head who actually DOES police the fraudsters HALLE-effing-LUJAH!!! If it happens . . . AND if it happens that the administration and congress empower her: HALLE- again. If it happens . . .
TiredMemeCat
Jan 24, 2013 6:24 PM CST
If there were any true justice, the prosecutor would be Judge Fucking Dredd.
radicalronpaul
Jan 24, 2013 4:57 PM CST
Congress will just drop the funding for her dept, saying we need to quit spending, and that will be that!