JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), Is the Fox in the Hen House?

What comes next
To paraphrase Senator Sherrod Brown, who initially voted against White’s appointment, I’m not worried that White is a bad person, and I’m not worried she’s going to be manipulated — I’m worried that we’ve made the system of oversight too chummy with those that it’s supposed to oversee.

White will have to recuse herself for a year in cases that involve former clients, but after that, things don’t get much clearer. With a net worth well over $15 million and a decade spent in the financial industry, White is probably going to have to sit out of at least a few cases in which she has a financial interest in the outcome.

While it’s probably not fair to say that there’s a fox in the hen house, it’s not all that far off. I’m reminded of a Far Side cartoon that depicts a dingo farm built right next door to a nursery, with a caption that just reads “Trouble brewing.” That’s what we’ve got now — trouble brewing.

The article Is the Fox in the Hen House? originally appeared on Fool.com and is written by Andrew Marder.

Fool contributor Andrew Marder has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase.

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