Mary Schapiro at SEC

This week's news that the SEC was negligent in its oversight of Bernie Madoff makes Obama's appointee to head the agency more interesting and significant than it otherwise might have been. The nomination of Mary Schapiro for the job is therefore generating buzz and mixed reviews.

From Robert Kuttner at the American Prospect:

...if you have not heard of Mary Schapiro, it is because she has not been much of a player, much less a crusader, in the struggle for reform. She is the kind of Democratic appointment that allows Wall Street to breathe a huge sigh of relief.

From Floyd Norris in the NY Times:

In picking Ms. Schapiro, Mr. Obama has chosen someone who knows all the issues and all the players and who is committed to effective and rational regulation.