The Massachusetts senator’s attack on Securities and Exchange Commission Chair Mary Jo White causes backlash on Wall Street.
Wall Street and the White House had a swift and furious reaction to Elizabeth Warren’s blazing attack on Securities and Exchange Commission Chair Mary Jo White: Senator, you’ve gone too far.
Defenders of White’s tenure at the regulatory agency said Warren’s 13-page letter attacking the SEC chair raised highly questionable points and badly mischaracterized the actions of a widely respected former federal prosecutor.
“I don’t understand Sen. Warren’s criticism of White for recusing herself where there is a conflict of interest,” said Wayne Abernathy, a top lobbyist for the American Bankers Association, referring to Warren’s criticism that White isn’t involved in SEC actions when her husband’s law firm represents the companies involved. “Is it that she would prefer that the chairman go forward and participate in enforcement cases despite the conflict of interest?”