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Obama nominates Mary Jo White as SEC chair

"When lawyers at the Securities and Exchange Commission went after ­JPMorgan Chase for misleading mortgage investors, they came up against a defense team led by the tenacious Mary Jo White.

Little did they know that she could soon become their boss.

On Thursday, President Obama nominated the superstar attorney to lead the SEC. In brief remarks, the president lauded White’s distinguished career as the New York prosecutor who brought down John Gotti and put terrorists behind bars."