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Meet The SEC's New Head

Tyler Durden's picture




 

Moments after Goldman completed the trifecta of controlling every major developed world central bank, with its tentacles now in charge of the Fed, the ECB and now the BOE, Obama announced his designee for the new head of the SEC. The name of Mary Schapiro's replacement: Elisse B. Walter, and no, she did not most recently work for Goldman. Yes. Shocking (for Gary Gensler). Oh, and don't worry Mary Schapiro. Nobody will shed any tears over your departure: perhaps if someone had known you were there even one day over the past 4 years this would be different.

Her bio from Wikipedia:

Elisse B. Walter (born April 14, 1950 in New York City[1]), a Jewish-American, was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and was sworn in on July 9, 2008. Under designation by President Barack Obama, she served as Acting Chairman during January 2009.[2] Her term ends June 5, 2012.[3]

Education

Walter attended Pembroke College at Brown University in 1967[1] and graduated from Yale University with a B.A., cum laude, in applied mathematics and received her J.D. degree, cum laude, from Harvard Law School.[2]
Career

Walter holds a Democratic seat, succeeding Annette Nazareth, who left the commission in January 2008 to work in private practice. Walter was recommended for the commissioner position by Senate Majority Leader Harry M. Reid (D-Nev.) in 2007, along with fellow commissioner Luis A. Aguilar.[1] Her term on the commission ends June 5, 2012.[4]

Prior to her appointment as an SEC Commissioner, Ms. Walter served as Senior Executive Vice President, Regulatory Policy & Programs, for the Financial Industry Regulatory Authority (FINRA). She held the same position at National Association of Securities Dealers (NASD) before its 2007 consolidation with NYSE Member Regulation.

Ms. Walter coordinated policy issues across FINRA and oversaw a number of departments including Investment Company Regulation, Member Education and Training, Investor Education and Emerging Regulatory Issues. She also served on the Board of Directors of the FINRA Investor Education Foundation.

Prior to joining NASD, Ms. Walter served as the General Counsel of the Commodity Futures Trading Commission. Before joining the CFTC in 1994, Ms. Walter was the Deputy Director of the Division of Corporation Finance of the Securities and Exchange Commission. She served on the SEC's staff beginning in 1977, both in that Division and in the Office of the General Counsel. Before joining the SEC, Ms. Walter was an attorney with a private law firm.

Ms. Walter served on the Board of Trustees of Jewish Women International and the SEC Historical Society and is a member of the Academy of Women Achievers of the YWCA of the City of New York, according to her official biographies.[2]
Issues

Ms. Walter has led the SEC's in-depth review of the municipal securities markets.

In August 2008 at an opening meeting of the SEC, Walter expressed her support for the implementation of International Financial Reporting Standards for U.S. companies, but cautioned that a ruling from the SEC was far from finalized. "Most important, we have to keep in mind that no one knows for certain what the future will hold," she said. "I strongly believe that we have to prepare for the alternative that the Commission will determine not to adopt, or permit the use of, IFRS for U.S. issuers.…there are significant hurdles to overcome over the next three years in order for the Commission to determine to accept IFRS reporting from U.S. issuers."[5] Cited in Who Runs Gov.[1]

Another specific issue addressed by Ms. Walter before a Congressional subcommittee in May, 2006, was NASD's regulatory activities regarding inappropriate sales of certain investment products to members of the armed forces and NASD's financial education programs focused on military service members and their families. Of particular concern was a broker-dealer, First Command Financial Planning, Inc. of Fort Worth, Texas, which had been making inappropriate sales of products and services, including the sale of an investment product called Periodic Payment Plans or PPPs. First Command had targeted and sold more than a half-million of complicated and often extremely expensive PPPs to servicepersons. After investigation and censure, the firm was fined $12 million in December 2004. That amount included restitution, and funding for NASD Investor Education Foundation. As of 2006, First Command informed NASD that it has ceased selling PPPs.[6]
Personal

Ms. Walter has been married to Ronald Alan Stern since 1974. They have two children, Jonathan Leo Walter Stern and Evan Michael Walter Stern. Evan Stern is married to Grace E. So. Ms. Walter has a sister, Abra Joy Walter, and a brother, Alan Neil Walter.

 

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Mon, 11/26/2012 - 12:38 | 3011464 Shizzmoney
Shizzmoney's picture

Wait, she's Jewish?

Mon, 11/26/2012 - 12:41 | 3011479 walidsassia
walidsassia's picture

HAHHAHAHA , we can only wonder how did she arrive to this post , and at Wikipedia they make it clear , no more US citizen now u have jewish and christian US People. Just like us in the middle east no more equal people . 

 

Mon, 11/26/2012 - 12:54 | 3011525 icanhasbailout
icanhasbailout's picture

No reason to trust a Bush appointee any more than an Obama appointee. And those who have been appointed by both have a particularly poor track record.

Mon, 11/26/2012 - 13:00 | 3011561 MillionDollarBoner_
MillionDollarBoner_'s picture

"Jewish-American" - WTF!!!

How does that matter? Why should "Jewishness" be a defining feature?!?

Unless....

Mon, 11/26/2012 - 13:12 | 3011616 DavidC
DavidC's picture

Equality of opportunity...

DavidC

Mon, 11/26/2012 - 13:25 | 3011652 Clint Liquor
Clint Liquor's picture

Jewish-American?

I didn't know we are to be hyphenated by religion. I guess I must be an Atheist-American.

Mon, 11/26/2012 - 13:42 | 3011724 DaveyJones
DaveyJones's picture

as opposed to the national religion - Apathetic-American

Mon, 11/26/2012 - 17:12 | 3012403 resurger
resurger's picture

Liberal - American ,

h/t RP

Mon, 11/26/2012 - 13:44 | 3011732 pods
pods's picture

I will from now on go by Misanthropic-American.

pods

Mon, 11/26/2012 - 13:42 | 3011722 yogibear
yogibear's picture

All the great people were Jewish.

Moe, Larry, Curly, Marx Bros.

Then you also had the bad.

 

Mon, 11/26/2012 - 17:37 | 3012472 Darth Mul
Darth Mul's picture

Seems like you have to be Jewish to be appointed to any federal agency that has to do with banking/finance/budget.

 

the fed, fdic, sec, cbo, cftc, irs, office budget and management, national economic council, council of economic advisors, financial crimes enforcement.

 

This is pretty fucking ridiculous, but not nearly as ridiculous as the fact this sort of over-representation of a tiny minority doesn't rank as a story in and of itself.

 

 

Mon, 11/26/2012 - 13:24 | 3011653 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

No reason to trust a Bush appointee any more than an Obama appointee. And those who have been appointed by both have a particularly poor track record.

"Yale to the Chief"

Mon, 11/26/2012 - 14:49 | 3011979 NewThor
NewThor's picture

Meet the new boss, same as the old boss.

<Sings the Harvard song>

Mon, 11/26/2012 - 13:18 | 3011610 Blazed
Blazed's picture

"Wait, she's Jewish?"

Oh quit with the racist anti-khazarism...errr I mean anti-semitism, us goy cattle aren't supposed to notice such things.

Mon, 11/26/2012 - 13:17 | 3011632 o_rly
o_rly's picture

Actually, Schapiro was also Jewish.

The head of the Commodity Futures Trade Commission, also Jewish: Gary Gensler

And of course the most important financial position in the world also belongs to a Jew, the Fed Chairmanship: Ben Bernanke

And lets not forget his Jewish predecessor Alan Greenspan.

Jews have truly captured the U.S. government and more importantly, control of the money supply. The funny part is there is not a single honest conversation going on about this reality.

Mon, 11/26/2012 - 13:26 | 3011661 Raymond Reason
Raymond Reason's picture

The Jewish Question: Is it race or a religion?

Mon, 11/26/2012 - 14:54 | 3012001 The Proletariat
The Proletariat's picture

....I want a darling little Jewish Princess

Who don't know shit about cooking and is arrogant looking

A vicious little Jewish Princess

To specifically hpapen with a oaa-pee that's snapin'

All up inside I just want a princess to ride..... (Zappa)

http://www.youtube.com/watch?v=Y3-Z_gVbsxc

 

Mon, 11/26/2012 - 15:41 | 3012133 optimator
optimator's picture

Cooking?  The closest she knows to that is how to make reservations.

Mon, 11/26/2012 - 15:42 | 3012139 optimator
optimator's picture

I'm not that good at math.  What are the coincidences of that happening considering they're 2% of the population.

Mon, 11/26/2012 - 17:40 | 3012482 Darth Mul
Darth Mul's picture

you're leaving out the irs, fdic, national economic council, office of budget and management, congressional budget office, financial crimes enforcement, council of economic advisor...

 

I'm sure others...

 

As well as other roles like - chief counsel to the president, chief advisor to the president, and chief of staff.....

 

I mean - the amount of Jews in government, and in the various alphabet soup think tanks inside the beltway constitutes a Zionist Occupation Government. 

 

This amount of over-representation is not an accident.

 

Nor is the hijacking of American foreign policy to fight a needless war on Iran for oil/gas concerns, the petrodollar and Eretz Israel...

 

 

Mon, 11/26/2012 - 17:34 | 3012462 Darth Mul
Darth Mul's picture

Notwithstanding the likelihood of being smeared as an 'antisemite' and/or having my comment deleted for daring to bring this up: Jews are under 2.5% of the country.

 

Schapiro is Jewish and her pro tem replacement is Jewish. Many or most of the permanent replacement names are Jews. I take time to note this as I did some travelling around wikipedia and looked at various federal agencies.

 

It turns out that Jews chair so many federal agencies it goes well beyond over-representation and it *** looks *** as if there is a conspiracy amongst Jews to control federal regulation. Before junking this comment, consider: Jews are 2.5% of the population, but virtually all federal agencies having to do with banking/financial oversight are headed by Jews: the fed, the fdic, the cftc, the sec, the cbo, the office of budget and management, the national economic council, the council of economic advisors, the irs, and financial crimes enforcement network. This is well above ‘chance’ – and please don’t tell me that this level of over-representation isn’t worth talking about. I think when a small group has such disproportionate control, it amounts to a ‘closed shop’ of sorts. It certainly suggests some effort by said group to control things, doesn’t it?

 

Doesn't it??????

 

Mon, 11/26/2012 - 19:08 | 3012753 o_rly
o_rly's picture

Couldn't agree more. It's funny because Jews used to accuse WASPs of keeping them away from access to elite institutions and universities. Now, Jews clearly are creating a "Jew-only club" and when anyone points it out they laugh at the "conspiracy." And yet, they claim there was a WASP conspiracy at the very same time.

What a world.

Mon, 11/26/2012 - 12:40 | 3011467 kralizec
kralizec's picture

IFRS pimp.  Meh!

Mon, 11/26/2012 - 12:40 | 3011470 Overfed
Overfed's picture

I thought Petreaus' wife was gonna get that job?

Mon, 11/26/2012 - 12:54 | 3011529 icanhasbailout
icanhasbailout's picture

She's getting a military affairs job

Mon, 11/26/2012 - 20:38 | 3012988 Overfed
Overfed's picture

OH. Now that's funny!

Thu, 11/29/2012 - 18:50 | 3022135 icanhasbailout
icanhasbailout's picture

the really funny part is it's true - that's the role she was picked for at CFPB

Mon, 11/26/2012 - 12:41 | 3011471 tickhound
tickhound's picture

Another empty dress.

Mon, 11/26/2012 - 12:59 | 3011555 DeadFred
DeadFred's picture

Someone else gets to polish her nails while the banks run roughshod over the markets? Bullish for Revlon

Mon, 11/26/2012 - 15:44 | 3012149 Intoxicologist
Intoxicologist's picture

Stablelline.  Sold at fine farm stores everywhere.

Mon, 11/26/2012 - 12:41 | 3011474 Boilermaker
Boilermaker's picture

Great, another house wife with a business card.

Mon, 11/26/2012 - 12:41 | 3011475 buzzsaw99
buzzsaw99's picture

Great, another worthless bitch bitchez.

Mon, 11/26/2012 - 12:41 | 3011478 mrktwtch2
mrktwtch2's picture

does that mean she will take all the high holy days off??..lol

Mon, 11/26/2012 - 13:51 | 3011750 booboo
booboo's picture

Like all good JAPs she leaves the city for Martha's Vineyard to wear off her period.

Mon, 11/26/2012 - 13:53 | 3011751 booboo
booboo's picture

Duplicate

Mon, 11/26/2012 - 12:43 | 3011483 EscapeKey
EscapeKey's picture

No, her stint with Goldman Sachs will be AFTER this current position.

Mon, 11/26/2012 - 12:56 | 3011520 DaveyJones
DaveyJones's picture

actually, it's still during but we don't talk about that

Unlike Monsanto, they already control all the seed source

Wondering if she''ll (ever) deal with the real elderly investment fraud 

http://aging.senate.gov/minority/public/index.cfm/files/serve?File_id=4196d54f-faf5-a92f-ba50-b2e2ce8aa9bb

Mon, 11/26/2012 - 12:44 | 3011485 Dr. Richard Head
Dr. Richard Head's picture

She must be good at sweeping problems under her snatch...I mean carpet.

Mon, 11/26/2012 - 12:44 | 3011488 Clint Liquor
Clint Liquor's picture

Recommended as a CFTC Commissioner by Harry Reid? Nothing left to say.

Mon, 11/26/2012 - 12:57 | 3011550 DaveyJones
DaveyJones's picture

gambling, desert, insanity - shit you're right

Mon, 11/26/2012 - 12:45 | 3011489 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Insider.

The more it stays the same, the more it stays the same.

An iRegulator app.

HFT what ?

Mon, 11/26/2012 - 12:45 | 3011490 papaswamp
papaswamp's picture

Hubby is Ronald Stern of GE?

Mon, 11/26/2012 - 12:48 | 3011502 Schmuck Raker
Schmuck Raker's picture

Looks it:

http://www.ftc.gov/os/sectiontwohearings/docs/070213sternbio.pdf

Anti-Trust/M.I.C. Attorney/VP for them

Mon, 11/26/2012 - 12:56 | 3011539 Sancho Ponzi
Sancho Ponzi's picture

Yep

'Walter's husband, Ronald A. Stern, serves as the chief anti-trust attorney for General Electric Co., making him the Washington-based vice president and senior competition counsel for the largest diversied financial company in the U.S.'

 

http://www.washingtonpost.com/politics/elisse-b-walter/gIQA3LCT9O_topic....

Mon, 11/26/2012 - 13:19 | 3011641 ParkAveFlasher
ParkAveFlasher's picture

No conflicts of interest there.  Oh wait ...

Mon, 11/26/2012 - 12:46 | 3011491 jmcadg
jmcadg's picture

Prior to joining NASD, Ms. Walter served as the General Counsel of the Commodity Futures Trading Commission.

... 'Chancellor Valorum, we hereby issue a vote of no confidence'!

Mon, 11/26/2012 - 12:54 | 3011527 kralizec
kralizec's picture

I'll Second that motion!

Mon, 11/26/2012 - 12:53 | 3011499 Quinvarius
Quinvarius's picture

Just another mook.  All I hear is a Jewish midget yelling the taunt, "who run bartertown!?", from someplace down in the basement.

Mon, 11/26/2012 - 13:03 | 3011585 MillionDollarBoner_
MillionDollarBoner_'s picture

"All I hear is a Jewish midget yelling the taunt, "who run bartertown!?", from someplace down in the basement of 200 West Street.

There...fixed it fer y'all ;o)

Mon, 11/26/2012 - 12:48 | 3011500 Rainman
Rainman's picture

"Most important, we have to keep in mind that no one knows for certain what the future will hold. "

We got us a real Sherlock Holmes here....now, everyone LEAN FORWARD !!

Mon, 11/26/2012 - 12:48 | 3011501 RopeADope
RopeADope's picture

An applied mathematics degree from Yale (Walter) is much better than an anthropology degree from Franklin & Marshall College (Schapiro)...

 

Seriously, how did Schapiro ever make it to public office? Other than being a personal friend of Bernie Madoff...

Mon, 11/26/2012 - 12:50 | 3011507 The Fonz...befo...
The Fonz...before shark jump's picture

let a machine regulate the markets sinces its only machines that are trading it

Mon, 11/26/2012 - 12:52 | 3011513 Everybodys All ...
Everybodys All American's picture

Came highly recommended by non other than Harry Reid.

Mon, 11/26/2012 - 12:52 | 3011514 Confundido
Confundido's picture

We're fucked. It is not enough for me to have everything in physical gold. I must now remortgage my house to buy even more physical gold. And even then, it won't be enough!

Mon, 11/26/2012 - 12:53 | 3011516 Jack Sheet
Jack Sheet's picture

Define "democratic seat"

 

Mon, 11/26/2012 - 12:55 | 3011533 Quinvarius
Quinvarius's picture

In some more pervish circles, it is Bill Clinton's face.

Mon, 11/26/2012 - 12:55 | 3011534 kralizec
kralizec's picture

Think "ass you kiss"!

Mon, 11/26/2012 - 12:57 | 3011543 nmewn
nmewn's picture

Puts fingers in ears and starts screeching LALALALALALA! whenever the name Jon Corzine comes up.

Mon, 11/26/2012 - 12:53 | 3011518 Dr. Engali
Dr. Engali's picture

Seems to fit the profile of rather manly looking women in this administration.

Mon, 11/26/2012 - 12:54 | 3011531 RopeADope
RopeADope's picture

At least you know they didn't sleep their way to the top.

Mon, 11/26/2012 - 16:11 | 3012227 machineh
machineh's picture

Of course not, they WERE the top.

Snap-on toolz, bItCHeZ ...

Tue, 11/27/2012 - 00:10 | 3013486 StychoKiller
StychoKiller's picture

Guess the Obamatron has binders full of womyn (elderly, unattractive womyn...)

Mon, 11/26/2012 - 12:56 | 3011528 Joe Davola
Joe Davola's picture

Most important, we have to keep in mind that no one knows for certain what the future will hold

No shit, Sherlock.

 

Dammit, Rainman beat me to it!

Mon, 11/26/2012 - 13:02 | 3011578 Quinvarius
Quinvarius's picture

That reads like a "for sale" sign.

Mon, 11/26/2012 - 12:57 | 3011549 Anasteus
Anasteus's picture

No Goldmanitte but an ashkenazi khazaritte. What a difference!

Mon, 11/26/2012 - 13:05 | 3011589 Intoxicologist
Intoxicologist's picture

I heard she got caught stealing the straw out of her mom's kennel.

Mon, 11/26/2012 - 13:09 | 3011606 dolph9
dolph9's picture

The SEC is ceremonial, now that there's no regulation to speak of, and the regulations that do exist are meant to concentrate even more power.

Remember the banks' idealogy.  It's sort of an inverted libertarianism.

The banks want the fiat dollars to be money, they want first access to it, and they want the state to use its power to support them.

They then cry "communism!" at any attempt at reform, or "anarchy!" when they aren't bailed out.

I mean, they just control things, people, there's nothing you can do about it until the system collapses.

Mon, 11/26/2012 - 13:14 | 3011620 DavidC
DavidC's picture

Please, please, let her be another Brooksley Born.

DavidC

Mon, 11/26/2012 - 14:34 | 3011938 ArrestBobRubin
ArrestBobRubin's picture

Never happen David.

Mon, 11/26/2012 - 13:21 | 3011643 Pairadimes
Pairadimes's picture

"Meet the new boss, same as the old boss...."

http://www.youtube.com/watch?v=Rp6-wG5LLqE

Unfortunately, we will be fooled again.

Mon, 11/26/2012 - 13:31 | 3011677 Catullus
Catullus's picture

"Deep government" career. The bureaucrat who thinks they're "regulating" the industry and not some tool of the elite. These are my favorite career trolls in DC. They're so naive.

When the muni debt market collapses, it's going to sweet sweet slap in this woman's face.

Mon, 11/26/2012 - 14:26 | 3011904 ArrestBobRubin
ArrestBobRubin's picture

Let's play Swap the Yid!

Mon, 11/26/2012 - 14:28 | 3011914 falak pema
falak pema's picture

why did't he name Jill Kelley? She had all those medals and kudos from those brass hats!

Tuff lady doesn't take shite from the banksters; we all know they are stingy and not spenders and dumbell benders like the MIC!

Mon, 11/26/2012 - 14:49 | 3011985 Don Diego
Don Diego's picture

I knew she was Jewish even before reading the full text: either my "jewradar" is extremely sensitive or for some reason only Jews are trusted by the plantation overlords to run these agencies.

Mon, 11/26/2012 - 14:55 | 3012005 NoTTD
NoTTD's picture

She didn't just leave Goldman? Hey, what the hell is this?

Mon, 11/26/2012 - 15:24 | 3012088 Disenchanted
Disenchanted's picture

 

 

"Wait, she's Jewish?"

 

What are the odds...JewSA(aka ZOG), 13th Tribal nation.

Gentile chattel need not apply for any 'important' positions, except as puppets.

 

Yeah call me a crazy ass, rayciss bigot...I don't give a shit. Just calling it like I see it out here in the cheap seats.

Mon, 11/26/2012 - 15:33 | 3012107 optimator
optimator's picture

1.  She's a "Jewish American".  (They could say, "American, Jewish"?)

2   If she handles, I mean, doesn't handle this job....

3  Then she goes to Goldman.

Mon, 11/26/2012 - 16:02 | 3012208 ArrestBobRubin
ArrestBobRubin's picture

As with all Israel First garbage, a more accurate description would be Jewish-unAmerican traitor.

Mon, 11/26/2012 - 16:11 | 3012230 roadhazard
roadhazard's picture

Who ?

Mon, 11/26/2012 - 16:17 | 3012242 ArrestBobRubin
ArrestBobRubin's picture

And while we're covering the latest Jew traitor to be named to a high "Regulatory" position, here's a fascinating story that our traitorous Jew-owned media has somehow forgetten to give any coverage to. It must've been the pressing need to closely cover all the critically important Black Friday and Cyber Monday shopping stories that crowded it out. Yeah, that's the ticket.

AIPAC, decapitators inside US government: Intelligence analyst

Mon, 11/26/2012 - 17:04 | 3012378 resurger
resurger's picture

a Jewish-American

 

I stopped reading...

Mon, 11/26/2012 - 17:08 | 3012393 zanez
zanez's picture

The resume left out the most important detail - what kind of internet porn does she prefer?

 

Mon, 11/26/2012 - 17:42 | 3012487 Darth Mul
Darth Mul's picture

 

Do you think they'll find another nice Jew to run the CIA?

 

 

You bet they will....

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