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Friday, October 19, 2012

Schapiro Ready to Leave SEC

News summary by MFWire's editors

Mary Schapiro didn't want to be a martyr.

So the SEC chairwoman tells Bloomberg reporters Joshua Gallu and Robert Schmidt as she prepares to leave her position after the November election.

The Bloomberg profile is lengthy but fascinating. It details Schapiro's reign over the regulatory agency: taking over in the chaotic days after the financial crisis and Madoffgate to not levying any penalties against Lehman Brothers or AIG, to the fight that would ultimately prove to be her last, a failed effort to reform money-market funds.

It's Schapiro herself's quotes that make this article most worth reading it's rare such a senior official grant's interviews, and anyone who wants to see the top regulators position on the last four years ought to give the article a few minutes.

To read the original, click here. 

Edited by: Ben Geier


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