President Obama has nominated my former boss, Mary Jo White, to be the next chairwoman of the Securities and Exchange Commission. He could not have made a better choice.
I worked for Mary Jo for nearly a decade when she was U.S. Attorney for the Southern District of New York for nine years, from 1993-2002. It’s not enough to say she’s one of the best lawyers in the country; she’s also one of the best people I’ve been fortunate to know. She is whip smart and tough. She is also a model of integrity and rectitude. She will do what the SEC ought to do: aggressive enforcement against fraudulent actors. But she also has a world of experience representing businesses, and thus a mature appreciation of the difference between necessary regulation and paralyzing overreach.
The president has made many terrible appointments. To say that this one is a superb appointment is not to grade him on a curve. Mary Jo White will be terrific in what is a very important job.