February 16, 2013
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6:40Now Playing"In our last episode of that ongoing Washington soap opera, "As the Door Revolves," we introduced you to former Federal prosecutor Mary Jo White, pursuer of drug lords and terrorists, who left government to become a hot shot Wall Street lawyer defending such corporate giants as JPMorgan Chase, UBS, General Electric and Microsoft. Oh yes — and former Goldman Sachs board member Rajat Gupta, currently appealing his insider trading conviction."*
Watchdog group, Project on Government Oversight, released a new report exposing the rampant cronyism going on in the SEC. Where do former bank regulators with intimate knowledge of the SEC work after they leave the government agency? Big corporations. Gee, what do you think happens after that? Cenk Uygur breaks it down.
*Read more from Bill Moyers and Michael Winship/ Salon:
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