"Ms. White led the commissioners in approving a proposal that, if finalized, could leave investors and taxpayers exposed to the ravages of reckless bank trading… The S.E.C. proposal would let the foreign branches of American banks avoid rules being developed under the Dodd-Frank financial reform law and instead follow rules that prevail in the foreign countries where the deals are done..."
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A Disappointing Debut at the S.E.C.
www.nytimes.com
Mary Jo White, the new chairwoman of the Securities and Exchange Commission, has gotten off on the wrong foot.
http://www.nytimes.com/2013/05/06/opinion/a-disappointing-debut-at-the-sec.html?ref=opinion