President Obama Taps Another Wall Street Law Firm Partner to Head a Regulator

Massad cc

Obama has put together quite a club of Wall Street insiders in Washington DC.

I smell a post-presidential hedge fund.

(From Wall Street on Parade)

Massad, if confirmed, will join a long line of Obama nominees’ to lead Wall Street’s regulatory bodies with close ties to Wall Street.

One person who can vouch for Massad is John White, spouse of Mary Jo White who Chairs the Securities and Exchange Commission. White was a fellow law partner to Massad throughout his almost three decades at Cravath, Swaine & Moore. Mary Jo White spent the majority of her career at another Wall Street go-to law firm, Debevoise and Plimpton. At the time of her nomination to head the SEC, the Whites’ two law firms were representing every major Wall Street firm.

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