Obama's Lousy SEC Chief Choice
I'm with Gary Weiss on this one. Mary Schapiro is more interested in paying lip service to non-existant bogeyman than actually getting down to the harder job of regulating markets in ways that make sense.
Earth to Mary: the halt on financials shorting did nothing, zilch, zero to "save" those firms. The "naked shorting" phenomenon is a fantasy promoted primarily by the crook CEOs of fraudulent companies. (One wonders if she even reads the SEC's own press releases, where she'd see a nearly 1:1 relationship between CEOs who scream "naked short" and CEOs under investigation -- and taken to court -- by her own agency.)