Hello! You are part of a community of millions who seek out Democracy Now! each month for ad-free daily news you can trust. Maybe you come for our daily headlines. Maybe you come for our in-depth stories that expose corporate and government abuses of power and lift up the voices of ordinary people working to make change in extraordinary times. We produce all of this news at a fraction of the budget of a commercial news operation. We do this without ads, government funding or corporate sponsorship. How? This model of news depends on support from viewers and listeners like you. Today, less than 1% of our visitors support Democracy Now! with a donation each year. If even 3% of our website visitors donated just $10 per month, we could cover our basic operating expenses for a year. Pretty amazing right? If you visit us daily or weekly or even just once a month, now is a great time to make a monthly contribution.

Your Donation: $

Obama Appoints Former Prosecutor to Head SEC

President Obama has appointed former New York prosecutor Mary Jo White to head the Securities and Exchange Commission in his second term. Appearing with White on Thursday, Obama urged the Senate to grant her a speedy confirmation.

President Obama: "I am absolutely confident that Mary Jo has the experience and the resolve to tackle these complex issues and protect the American people in a way that is smart and in a way that is fair. And I expect the Senate to confirm Mary Jo as soon as possible so she can get to work."

White would be the first former prosecutor to head the SEC, a critical position for the oversight of Wall Street. While supporters have billed her nomination as a signal of tougher financial regulation in the second term, she also brings to the job a résumé of defending top financial institutions as a white-collar defense attorney. White’s client list includes former Bank of America head Ken Lewis, the board of Morgan Stanley, and the firm JPMorgan Chase. In a statement, the consumer advocacy watchdog Public Citizen expressed cautious optimism over White’s appointment, calling her a "tough prosecutor with expertise in complex securities and financial fraud."

See all headlines for this show

Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.