Barack Obama's selection of Mary L. Schapiro to head up the Securities and Exchange Commission is a bitter disappointment to investors. Her appointment will do nothing to reinvigorate an agency that has been a toothless tiger and a puppet of the industry it is supposed to regulate.
Here are some questions she should be asked at her confirmation hearing:
1. You have been a career bureaucrat. You have never held a job in the private sector. You have only held...
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