Last month former SEC Chair Mary Schapiro made an unexpected change to her employment in the private sector, moving from an executive position to an advisory role at Promontory Financial, the regulatory consulting firm that both services Wall Street’s compliance needs and serves at the top tier revolving door destination for former financial regulators. While it …
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The Port Authority’s split board and Chris Christie’s downfall
The “Bridgegate” scandal has shone a spotlight on the Port Authority of New York and New Jersey, the public authority responsible for the George Washington Bridge lane closures. Christie political appointees at the Port Authority ordered the closures, apparently as an act of political retribution; now the Daily Beast is referring to the organization as …