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Debate over Schapiro's SEC legacy

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I've suggested before that Linda Schapiro was stuck with a very tough job. "When she assumed the Chairmanship of the SEC in January of 2009, the reputation of America's financial regulatory apparatus was at its nadir." The debate is raging right now as how she fared. My sense is that she did about as well as should could, given the institutional constraints. She has left much for her successor, Elisse Walter, to build on. Article