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Guest Post: Meet Mary Jo White: The Next SEC Chief And A Guaranteed Wall Street Patsy

Tyler Durden's picture




 

Submitted by Michael Krieger of Liberty Blitzkrieg blog,

Obama’s nominee to head the SEC, Mary Jo White, is just another gatekeeper appointed to make sure no one ever goes after the Wall Street crime syndicate.  As I have written about many times in the past, Obama does not nominate anyone to a high position of power in government who will not behave like a good little lapdog for Wall Street.

Despite Obama’s propagandist statement about how “you don’t want to mess with Mary Jo,” her background implies she will function as a useful servant to the financial oligarchs.  Forget for a second about that fact at her recent firm Debevoise & Plimpton LLP her clients included the usual suspects such as such as JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), and UBS AG, but she is actually known as the prosecutor who popularized the “slap Wall Street on the wrist” approach.  From Bloomberg:

As Manhattan’s top federal prosecutor during the 1990s, Mary Jo White could have sought the corporate equivalent of the death penalty: indicting Prudential Securities Inc. for fraudulently marketing $8 billion in ruinous energy partnerships to small investors.

 

Instead, Prudential’s attorneys pressed White, who had earned notice as an aggressive litigator in terrorism and organized crime cases, to consider something less punitive. She ultimately accepted, agreeing to a $330 million fine and placing Prudential on probation, allowing it to avoid criminal charges.

 

White’s record on white-collar cases reveals a more practical streak. Her invention of corporate probation, or deferred prosecution, in the Prudential matter was later copied by scores of U.S. attorneys seeking punishment for a company without going to trial.

 

“Practical” means having no balls and laying down to Wall Street crimes.

 

Since stepping down as U.S. Attorney for the Southern District of New York in 2002 and returning to practice as a Wall Street defense lawyer, White, 65, has spoken out against what she called a “feeding frenzy” of enforcement after financial scandals.

 

“Feeding frenzy” means protecting the public from the Wall Street crime syndicate.

 

At Debevoise, which counts former Attorney General Michael Mukasey as a partner, her clients have included Wall Street banks such as JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), and UBS AG. She also represented former Bank of America Corp. Chief Executive Officer Ken Lewis during an SEC probe of bonuses paid to Merrill Lynch & Co.’s executives before Bank of America bought the brokerage.

There you have it folks.  Any questions?

Full article here.

 

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Mon, 03/04/2013 - 13:49 | 3298226 Undecided
Undecided's picture

http://www.theglobeandmail.com/news/politics/tea-party-godfather-ron-paul-gives-some-small-government-advice-to-canada/article9254905/comments/?ord=0 

huge hit piece on Ron Paul in the globe and mail....when will they understand he is not tea party nore anywhere close to the godfather of it..

Mon, 03/04/2013 - 14:06 | 3298285 CH1
CH1's picture

when will they understand he is not...

They don't care. Their job is to tear apart anything that questions the legitimacy of the rulers.

That's what the intelligentsia are paid for!

Mon, 03/04/2013 - 14:12 | 3298305 Manthong
Manthong's picture

Can’t they get somebody with balls in that position?

Mon, 03/04/2013 - 14:16 | 3298318 CH1
CH1's picture

Can’t they get somebody with balls in that position?

In the public intelligentsia? Sadly, no, they are routinely expelled.

Judge Napolitano got further than any other, but even he was ejected soon enough.

Mon, 03/04/2013 - 15:09 | 3298487 OutLookingIn
OutLookingIn's picture

Same old. Same old.

It just doesn't matter.

New head of SEC: (insert name here)__________________________

'And the wheel goes round and round...  

Mon, 03/04/2013 - 14:13 | 3298310 icanhasbailout
icanhasbailout's picture

Mary Jo White was one of Bill Clinton's first nominations. 20 increasingly corrupt years later, here we are.

Mon, 03/04/2013 - 14:54 | 3298399 kaiserhoff
kaiserhoff's picture

White grew up in McLean, Virginia.  At the time, the priciest of the the DC Burbs, the one that made all the Socialites and Trophy Twats go wobbly in the knees.  Spoiled lefty idiot.  New School - acting and gay rats - and Columbia Law.

Different day, same old shit.

Mon, 03/04/2013 - 14:50 | 3298418 StandardDeviant
StandardDeviant's picture

I thought the interview itself was far from a "hit piece".  Your link, however, points to the comments section -- which reminded me why I no longer live in Canada.

Obviously the Globe & Mail's commenters are a self-selected bunch (just like ZH); and the G&M is on the socialist side even by Canadian standards.  (You'd have had different results in the National Post.)  But if Ron Paul's libertarian ideas seem extreme to many Americans, to almost all Canadians they're completely inconceivable.

Mon, 03/04/2013 - 15:45 | 3298590 pods
pods's picture

Stupid has no national borders. Shit, I cannot have a conversation with 90% of Amerikans without accidently tripping some Pavlovian tripwire that immediately expectorates some canned response defending their side of the paradigm.

pods

Mon, 03/04/2013 - 16:23 | 3298725 NemoDeNovo
NemoDeNovo's picture

Most have bee relagated to a "Sports Team" Mentality, sadly.  You CHOOSE a Team, and defend them no matter how F'ed up they get as you feel connected to them and thier success.  Hence why I am of the Opinion that there is NO WAY out of this mees without some kind of conflict at this point and that is the mian point of contention for most ~ The acceptance that we are going to have to FIGHT on some level sooner rather then later "If" we are ever to be free!!!  But YMMV

 

Have a Nice Day :)

Mon, 03/04/2013 - 15:14 | 3298496 Lets_Eat_Ben
Lets_Eat_Ben's picture

MJ i think ill call 'er. LOL @ title.  Meet Mary Jo White: The Next SEC Chief And A Guaranteed Wall Street Patsy

Surely she's given thousands of bj's in her career. Figuratively and literally. (Unless of course she's in deep with the lesbian mofia.)

Mon, 03/04/2013 - 15:48 | 3298596 pods
pods's picture

I give her credit.  She has made quite a name for herself after getting shot in the face by that lolita chick.

Hope she at least dumped Joey.

pods

Mon, 03/04/2013 - 13:53 | 3298236 Dr. Engali
Dr. Engali's picture

I took Joe Biden's advice.... I bought my wife a new semi-auto assault shotgun last night. Except it comes with a barrier breach on the end of the barrel so she doesn't have to shoot through doors.

Mon, 03/04/2013 - 14:50 | 3298420 kaiserhoff
kaiserhoff's picture

Might need a couple of cases of buck shot..., for those weely waskaly wabbits.

Mon, 03/04/2013 - 13:55 | 3298240 Lord Of Finance
Lord Of Finance's picture

Seriously? Are you serious? C'mon Tyler. Your making this shit up now. Right?

Mon, 03/04/2013 - 13:57 | 3298259 azzhatter
azzhatter's picture

Can't we at least get some eye candy

Mon, 03/04/2013 - 15:32 | 3298551 Panafrican Funk...
Panafrican Funktron Robot's picture

Indeed, though that appears to be intentional.  Think of it as the Janet Reno move, nominate a "tough on the eyes" lady to the post, to make it seem like your tough on (fill in the blank).  

Mon, 03/04/2013 - 13:54 | 3298241 tawdzilla
tawdzilla's picture

Mary Jo White=Linda Green

Mon, 03/04/2013 - 13:53 | 3298242 Kaiser Sousa
Kaiser Sousa's picture

hang that fucking winch...

The End....

Mon, 03/04/2013 - 14:02 | 3298277 Bastiat
Bastiat's picture

Would that be a wench who's wound up tight?

Mon, 03/04/2013 - 14:07 | 3298289 Kaiser Sousa
Kaiser Sousa's picture

despite the mispelling i do believe the the sentiment was ascertainable....

fuck spelling....

Mon, 03/04/2013 - 14:17 | 3298322 SubjectivObject
SubjectivObject's picture

What do you get when you cross a witch and a wench?

A wicked fuck.

Mon, 03/04/2013 - 13:54 | 3298244 LawsofPhysics
LawsofPhysics's picture

Regulatory capture bitchez.  Now what are you sheep going to do about it?

Mon, 03/04/2013 - 14:00 | 3298267 McMolotov
McMolotov's picture

This country grows more fascist by the day.

Mon, 03/04/2013 - 14:02 | 3298280 CH1
CH1's picture

This country grows more fascist by the day.

And yet, the hidden "good guys" still don't show up.

Hope isn't just a Blue Party thing.

Mon, 03/04/2013 - 16:28 | 3298740 NemoDeNovo
NemoDeNovo's picture

And yet, the hidden "good guys" still don't show up.

What do you mean Good Guy's like the mythos of there are Good Cops???   ROFLMAO

There are no Good GUys anywhere in the "Power Structure" time for folks to accept that FACT, just Criminals with a better [READ: More beLIEvable] line of Bullshit, like the whole Ron Paul Clap Trap.

 

Its time for the next Evolution, and not the next Revolution, recognize the difference

Mon, 03/04/2013 - 14:04 | 3298271 CH1
CH1's picture

Now what are you sheep going to do about it?

Well, the sheep will complain, LoP! Oh, maybe you meant DO as in something meaningful?

Sheep complain, but they never, ever act. That's what makes them sheep.

Mon, 03/04/2013 - 14:48 | 3298414 InTheLandOfTheBlind
InTheLandOfTheBlind's picture

post angry comments and then go drink heavily

Mon, 03/04/2013 - 19:38 | 3299289 mkhs
mkhs's picture

As opposed to drink heavily and then post angry comment.

Mon, 03/04/2013 - 13:56 | 3298253 tempo
tempo's picture

Mary Jo and robots.  Millions of jobs are eliminated each year throughout the world due to automation and robots.  Central Bank stimulus attempt to partially offset the job losses and tax revenue to keep the social peace.  Mary Jo, Ben, Jamie are in a sense just role playing dictated by robots.  It not will continue but accelerate.

Mon, 03/04/2013 - 14:09 | 3298260 Gamma735
Gamma735's picture

Jamie Dimon has an exit strategy when the Dollar gets devalued over night sometime in the next two years, he will have his own personal island to which to retreat.  Do you have your exit strategy?  DHS has a strategy that involves 2 billion in hollow point bullets.  Do you have a strategy?

Mon, 03/04/2013 - 18:42 | 3299145 prains
prains's picture

Yes

But it involves maintaining a heart rate at180 bpm over rough terrain in the dark

Not long gas cans

Mon, 03/04/2013 - 13:57 | 3298261 irie1029
irie1029's picture

Like Double Secret Probation???  Jeeze you can't make up stupider stuff.

Mon, 03/04/2013 - 14:02 | 3298275 buzzsaw99
buzzsaw99's picture

Now she can write off knee pads as a business expense.

Mon, 03/04/2013 - 14:48 | 3298413 NotApplicable
NotApplicable's picture

She looks like more of an enforcer type to me, so I'd say a strap-on is a lot more likely.

Maybe she gets Hitlery's leftovers on the cheap?

Mon, 03/04/2013 - 14:08 | 3298278 tickhound
tickhound's picture

 

 

MEMO to XXXX XX XXXXX,

XXXXXX Security Chief XXXXX- Primary responsibilities being to yellow-tape the crime scene XXX XXXX XXXXXXX preserve the evidence so that authorities with XXXXXXXXXXX tools and instruments can extend the examination procedures XXXXX XXXX XXXXXXXXXXXXXXXXXXXXXXXXX through a series of checks, balances, channels, and processeeeees XXXX XXXXX.  

This will dilute the intensity of the mob over time XXXX XXX XXXXXXXXX XXX National Security risks... As excessive XXXXX XXXXXXX could disturb markets.

Best,

The Machine

Mon, 03/04/2013 - 14:05 | 3298284 digalert
digalert's picture

I didn't come her to bailout fatcat Wall st. bankers!

Barry Hussein Obama


Mon, 03/04/2013 - 14:10 | 3298297 Clint Liquor
Clint Liquor's picture

Mary Jo White was appointed US Attorney for New York by Bill Clinton and was left in that position by Bush to investigate Clinton's pardon of Marc Rich. White continued to 'investigate' the Rich Pardon until 9/11 made it un-newsworthy. She's definitely a 'team player'.

Mon, 03/04/2013 - 14:50 | 3298419 InTheLandOfTheBlind
InTheLandOfTheBlind's picture

good ole marc rich... where does gary best play into this?

Mon, 03/04/2013 - 14:13 | 3298307 Temporalist
Temporalist's picture

Patsy cake, patsy cake, banksters whore.

Let the fraud slide or you're out the door;

Print it, steal it, rehypothecate it all;

Insure that your masters never take the fall.

Mon, 03/04/2013 - 14:41 | 3298387 NotApplicable
NotApplicable's picture

Bravo!

Never thought I'd live to see "rehypotheticate" appear in a nursery rhyme.

Mon, 03/04/2013 - 14:14 | 3298314 ArkansasAngie
ArkansasAngie's picture

You see ... crime pays until you end up in the slammer

Animal spirits and CONfidence

I wouldn't piss on her if she were on fire and I could aim ... which I can't

Mon, 03/04/2013 - 14:49 | 3298417 caimen garou
caimen garou's picture

thats ok angie i can give her a spring river of piss, but i would still let her burn

Mon, 03/04/2013 - 15:03 | 3298463 DblAjent
DblAjent's picture

You see ... crime pays until you end up in the slammer

It ain't illegal 'til ya get caught."  -Tickle, Moonshiner

Mon, 03/04/2013 - 14:16 | 3298316 fuu
fuu's picture

Puppets to the left of me jokers to the left, err I mean right, errm.

Mon, 03/04/2013 - 14:16 | 3298320 Bam_Man
Bam_Man's picture

She and Napolitano in the same room is just too much for me to imagine.

Mon, 03/04/2013 - 14:22 | 3298333 Bam_Man
Bam_Man's picture

The camera lens shattered right after that photo was taken.

Mon, 03/04/2013 - 14:36 | 3298373 Zymurguy
Zymurguy's picture

Hey I think I went to high school with that dude!

Mon, 03/04/2013 - 14:42 | 3298391 NotApplicable
NotApplicable's picture

Comb her hair back and she'd look just like Mao.

Mon, 03/04/2013 - 14:52 | 3298428 Bam_Man
Bam_Man's picture

Mao?

I think she looks more like Moe. Moe Howard.

Mon, 03/04/2013 - 14:53 | 3298434 Rusty Diggins
Rusty Diggins's picture

Abott?  Costello?

Mon, 03/04/2013 - 14:56 | 3298440 DblAjent
DblAjent's picture

sHe sure has quite a few chins for not even having a chin!

Bless her Heart...

Mon, 03/04/2013 - 14:27 | 3298345 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I guess someone has to ask. What results has Moe gotten thus far with that investigation into the Heinz insider trading and the entity which is not allowed to be named in the SEC complaint?

 

*crickets*

 

That is what I thought

Mon, 03/04/2013 - 14:45 | 3298398 NotApplicable
NotApplicable's picture

They're still looking for some back-office brown people to finger.

Mon, 03/04/2013 - 14:29 | 3298354 Bicycle Repairman
Bicycle Repairman's picture

"Any questions?"

When can we dismiss the entire current political class?

Mon, 03/04/2013 - 14:45 | 3298401 NotApplicable
NotApplicable's picture

The day after NOTA appears on the ballot.

Mon, 03/04/2013 - 14:53 | 3298424 Kirk2NCC1701
Kirk2NCC1701's picture

New brand of cosmetics:  Mary Jo.

Join now, get to ride a golden cadillac.  With golden parachute option.

Mon, 03/04/2013 - 14:55 | 3298439 Bam_Man
Bam_Man's picture

I don't think she wears much make-up.

It wouldn't help anyway.

Mon, 03/04/2013 - 14:58 | 3298446 yogibear
yogibear's picture

The next person needs bigger knee pads for Wall Street big players.

Also ask these Wall Street players need to contribute more for the SEC's porn subscriptions. 

Mon, 03/04/2013 - 15:19 | 3298512 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I don't think they recruited her for her perdy mouth. I think it is more of a faux homosexual looking substitute type of thing. Just look to see who is paying the lunch bill for the white tuna and you know who is in charge.

Mon, 03/04/2013 - 14:59 | 3298449 orangegeek
orangegeek's picture

Mary Jo is Fugly.

Mon, 03/04/2013 - 15:10 | 3298486 Dr. Engali
Dr. Engali's picture

Where's Corzine?

Mon, 03/04/2013 - 15:43 | 3298580 KCMLO
KCMLO's picture

That background is well and good and all.... but as head of the SEC, what's really important?  Her porn preference.

Mon, 03/04/2013 - 16:09 | 3298677 Joebloinvestor
Joebloinvestor's picture

Didn't her relative write "Poke Salad Annie"?

 

 

 

 

 

 

jk

 

Mon, 03/04/2013 - 16:55 | 3298823 Kirk2NCC1701
Kirk2NCC1701's picture

White.  Brown.  Pink.  Ok, so now we know where the heist is gonna be.

Mon, 03/04/2013 - 17:08 | 3298870 adr
adr's picture

A fine of a couple million dollars will sure show those guys who stole billions. Because, you know, losing a couple million and walking away with a couple billion you never earned will make sure they never do it again.

Mon, 03/04/2013 - 17:41 | 3299025 Ned Zeppelin
Ned Zeppelin's picture

Obama's biggest failure is his failure to reign in Wall Street, and the No. 1 reason I voted against him, instead voting for Mitt Romney, who would have done all he could to stop theses Wall Street criminals and put them behind bars.

Wait. . . . . .

Obama has been bought and paid for by Wall Street since Day 1.  Now they are just waiting for the statutes of limitation to start popping, to the extent they haven't already.

Mon, 03/04/2013 - 17:47 | 3299041 Herkimer Jerkimer
Herkimer Jerkimer's picture

'

'

'

' BOHICA

 

 

•J•
V-V

Mon, 03/04/2013 - 19:16 | 3299227 Chris88
Chris88's picture

What purpose does the SEC serve again?  Oh yeah, nothing, like the rest of government.

Mon, 03/04/2013 - 19:29 | 3299261 Coldfire
Coldfire's picture

Wrist slap Wall Street? More like finger slap.

Mon, 03/04/2013 - 19:41 | 3299298 Savyindallas
Savyindallas's picture

I was a very good white collar crime prosecutor from 1989-1995 in a major city. I was very good. Most prosecutors are like Da's and US Attorneys  -they are politicians. They have no vision, they have no drive-they are good at acting as lapdogs for the press and serving the political interests of their masters.

 Even if this lady were to find Jesus and to do her job  -she probably would not know how. You have to have drive, passion and conviction to do the job right  - You have to love Justice -You have to hate injustice - I don't care how smart you are-I don't care what law school you went to, or what your class rank was  -  If you do not have a passion for Justice and the truth  -if you do not hate evil and injustice  -you will never be anything but a lackey for the establishment.

Mon, 03/04/2013 - 20:42 | 3299466 respect the cock
respect the cock's picture

What this fuck is it with this administration and these nappy-ass gender neutral looking women????

IF YOU'RE GOING HIRE TO STATUS QUO WHORES...AT LEAST LET THEM BE FUCKABLE!!!!

Mon, 03/04/2013 - 21:22 | 3299564 Joebloinvestor
Joebloinvestor's picture

I have no problem with the administration putting gays in positions of power.

The problem is when they put incompetent gays in power.

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