If Dimon likes the new nominee we are still in trouble ...

[MindMover]

Mary Jo White, Obama's new nominee to head a key financial regulatory agency, has quite a reputation: Sen. Chuck Schumer has called her "tough as nails," and when the president announced the pick yesterday, he warned, "You don't want to mess with Mary Jo." But when it comes to policing the big banks, is she really such a hard nose?

Many financial reformers are psyched the president chose White, the first female US attorney in Manhattan, to head the Securities and Exchange Commission, one of the federal agencies that oversees financial markets. They say that choosing someone with fierce prosecutorial experience and success in cracking down on white-collar crime signals Obama's intention to follow through on the liberal agenda he laid out in his inauguration speech Monday, and keep banks on a tight leash. At the same time, though, White has also defended Wall Street execs in private practice, and has the backing of big shots on the Street.

http://www.motherjones.com/mojo/2013/01/mary-jo-white-sec-obama-nomination-wall-street

[canoeist52]

1. Some nails can be bent with a 1 lb. hammer.

Money can exert significant pressure.