The New Head Of The SEC Has No Interest In Regulating Wall Street

President Obama appointed a lawyer who represented Wall Street to head up the SEC.  Her appointment was easily approved by the GOP.  She quickly selected a lawyer from a large firm that specialized in the defense of large corporations.  This editorial raises questions about the recent decision by the SEC to weaken the regulation of derivative trading on Wall Street.  This is more of the same in Washington.  The major banks want weak regulators and that is what they are getting from Congress and the White House.