Mary Jo White and the Incestuous Mutually Beneficial Relationship Between Regulators and Wall Street

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Bill Moyers and Michael Winship wrote recently about the revolving door syndrome regarding prosecution and financial regulatory agencies in DC. They began their commentary by focusing on President Obama's nomination of Mary Jo White to head the Securities and Exchange Committee (SEC): In our last episode of that ongoing Washington soap opera, 'As the Door Revolves,' we introduced you to former federal prosecutor Mary Jo White, pursuer of drug lords and terrorists, who left government to become a hot shot Wall Street lawyer defending such corporate giants as JPMorgan Chase, UBS, General Electric and Microsoft. Oh yes -- and former Goldman Sachs board member Rajat Gupta, currently appealing his insider trading conviction.

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