Schapiro stepping down after leading SEC in crisis
Posted:
Updated:
(US Securities and Exchange Commission)
WASHINGTON (AP) -- Mary Schapiro is stepping down as chairman of the Securities and Exchange Commission after helping lead the U.S. government's regulatory response to the 2008 financial crisis.
The SEC says Schapiro will leave on Dec. 14. She was appointed by President Barack Obama in the midst of the worst financial crisis since the Great Depression. She took over after the agency failed to detect the Bernard Madoff Ponzi scheme.
Schapiro is credited with helping reshaping the agency during a tumultuous period. But critics say she failed to act aggressively to bring charges against leading figures who contributed to the financial crisis.
It isn't clear who will replace Schapiro. But several news reports suggest Mary John Miller, a top Treasury Department official, is a leading candidate.
Monday, May 20 2013 5:52 PM EDT2013-05-20 21:52:14 GMT
Gov. Pat Quinn said Illinois lawmakers have a chance to make history on two fronts this month by approving a plan to fix the state's decades-old pension crisis and legalizing same-sex marriage.
Gov. Pat Quinn said Illinois lawmakers have a chance to make history on two fronts this month by approving a plan to fix the state's decades-old pension crisis and legalizing same-sex marriage.
Monday, May 20 2013 3:05 PM EDT2013-05-20 19:05:27 GMT
Former White House social secretary Desiree Rogers has been appointed to head the board of a government-supported nonprofit that promotes Chicago as a tourism and convention destination.
Former White House social secretary Desiree Rogers has been appointed to head the board of a government-supported nonprofit that promotes Chicago as a tourism and convention destination.
Republicans call them "scandals." Democrats call them "fishing expeditions." Whatever the case, the Obama administration finds itself trying to fix three big problems this week. FOX's Bret Baier reports.
Republicans call them "scandals." Democrats call them "fishing expeditions." Whatever the case, the Obama administration finds itself trying to fix three big problems this week. FOX's Bret Baier reports.
Friday, May 17 2013 7:51 PM EDT2013-05-17 23:51:51 GMT
Illinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.
Illinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.
Faced with a trio of controversies, President Barack Obama is trying to halt a perception spreading among both White House opponents and allies that he has been passive and disengaged as unexpected developments...
President Barack Obama, seeking to regain his footing amid controversies hammering the White House, named a temporary chief for the scandal-marred Internal Revenue Service Thursday and pressed Congress to approve new...
After initially opposing the legalization of medical marijuana in Illinois, Lieutenant Governor Sheila Simon now supports the bill awaiting a State Senate vote. She told Good Day Chicago why she changed her mind.
After initially opposing the legalization of medical marijuana in Illinois, Lieutenant Governor Sheila Simon now supports the bill awaiting a State Senate vote. She told Good Day Chicago why she changed her mind.
(US Securities and Exchange Commission)
