Mary Jo White to Resign in January from SEC – Establishment Cronie Leaves

The Wall Street Journal wrote: “Securities and Exchange Commission Chairman Mary Jo White plans to step down in January, opening the door to a new Republican-appointed leader who could move to loosen rules on Wall Street and curb the aggressive enforcement approach Ms. White prosecuted.”

To set the record straight, White has protected the big banks all along. Even Elizabeth Warren called for her dismissal because she failed to implement the regulations that Congress directed from Dodd Frank. Mary Jo White is “establishment” all the way. She protected HSBC and Republic Bank, and in my case she gave them deals for returning the money they stole with NO FINES and no JAIL TIME. The WSJ is way off-base on this one. Let’s cheer this resignation.