Sen. Sherrod Brown (D-OH), the only member of the Senate Banking Committee who voted not to advance the nomination of Mary Jo White to head the Securities and Exchange Commission Tuesday, explained in a statement that he objects to a Wall Street watchdog who comes from the industry she will be tasked with policing.
“I don’t question Mary Jo White’s integrity or skill as an attorney. But I do question Washington’s long-held bias towards Wall Street and its inability to find watchdogs outside of the very industry that they are meant to police. Mary Jo White will have plenty of opportunities to prove me wrong. I hope she will.”
During the same Senate Banking Committee meeting, Brown voted to advance the nomination of Richard Cordray as director of the Consumer Financial Protection Bureau.
