October 14, 2016
https://nypost.com/2016/10/14/warren-calls-for-sec-chair-to-resign-and-the-white-house-isnt-happy/
Why did she initiate this? Oct 14, 2016 from NYP.
Sen. Elizabeth Warren picked a new fight on Friday, calling for the ouster of Securities and Exchange Commission Chair Mary Jo White.
In a letter sent to President Obama, Warren (D-Mass.) said she wanted to see the regulator demoted from chair to commissioner.
Presidents cannot fire SEC chairs but can demote them to a commissioner and then elevate a commissioner to chair.
Warren feels White’s SEC has ignored its “core mission of investor protection” by not enacting rules that would require public companies to disclose their political spending.
Last month, Warren picked apart Wells Fargo Chief Executive John Stumpf during a Senate hearing — calling for him to resign.
Warren’s letter regarding White was not exactly met with cheers at the White House.
“The president continues to believe that Chair White is the right leader for the [SEC],” White House spokesman Eric Schultz said Friday.
The timing of Warren’s request was unusual, given that Obama has only three months left in his term.
Commissioners typically resign from their post during a change in administrations.
The SEC declined to comment.
RED_AIDS_Hussein
https://www.huffingtonpost.com/entry/barack-obama-jimmy-kimmel-red-world-aids-day_us_5a1e727ee4b0cb0e917c8060?utm_hp_ref=hiv-and-aids
To get the patent's themselves and corner the market. There were also 4 Chinese inventors for which, after the flight disappeared, made Jacob R the sole owner of the patent. No coincidences