100s of former SEC employees work w/SEC on behalf of corporations SEC is supposed to regulate
From Bill Moyers...
In our last episode of that ongoing Washington soap opera, As the Door Revolves, we introduced you to former federal prosecutor Mary Jo White, pursuer of drug lords and terrorists, who left government to become a hot shot Wall Street lawyer defending such corporate giants as JPMorgan Chase, UBS, General Electric and Microsoft. Oh yes and former Goldman Sachs board member Rajat Gupta, currently appealing his insider trading conviction.
The New York Times reports that White and her husband, whos also a corporate litigator, have a net worth of at least $16 million and investments that might be valued as high as $35 million. Now, courtesy of President Obama, Mary Jo Whites been named to head the SEC, the Securities and Exchange Commission the very agency that regulates her clients and everyone else doing business in the stock market.
But as they say on late night TV, wait theres more! Join us for our latest episode of As the Door Revolves in which the door spins even faster between the SEC and big business. According to a major new report from the nonpartisan watchdog POGO the Project on Government Oversight hundreds of the agencys former employees have done or are doing business with the SEC on behalf of the corporations the agency is supposed to regulate.
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http://billmoyers.com/2013/02/15/pogo-sticks-it-to-the-sec/