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Mary Jo White, Former Prosecutor, To Be Nominated By Obama To Run SEC

"President Obama's expected pick of former U.S. prosecutor Mary Jo White to be the nation's top securities watchdog is widely being taken as signaling a crackdown on Wall Street crime.

"But there are red flags, in White's past statements and in her work for bankers as a lawyer in private practice, that raise some doubts about just how zealous an investor protector she will be.

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