President Obama named Securities and Exchange commissioner Elisse Walter the new chair of the financial regulatory agency after Chairman Mary Schapiro announced Monday that she would be leaving the SEC next month. "The SEC is stronger and our financial system is safer and better able to serve the American people, thanks in large part to Mary's hard work," Obama said in a statement. "I'm confident that Elisse's years of experience will serve her well in her new position, and I'm grateful she has agreed to help lead the agency." Schapiro's departure was "widely telegraphed," said The New York Times, after a "bruising, four-year tenure."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How liberals are unwittingly paving the way for the legalization of adult incest
- 10 things you need to know today: September 30, 2014
- 43 TV shows to watch in 2014
- Why the Chinese military is only a paper dragon
- The troubling persistence of eugenicist thought in modern America
- Libertarianism's terrible, horrible, no good, very bad idea
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Are hedge funds doomed?
- 6 things the happiest families all have in common
Subscribe to the Week