Mary Schapiro: THE SAM ISRAEL CONNECTION

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Where Greg Newton sees evidence of unfitness, we see indication that the new SEC will do what it can to make sure even white collar criminals are afforded the right to inter-species sex, as established by her acceptance of man-on-egret fornication.

Schapiro has troubled these pixels but once, when we reported that in 2003, during a period when she was opining vociferously on hedge fund-related broker-dealer disclosures and the adequacy thereof, her valiant sleuths swept through the offices of Bayou Securities LLC in Scamford, Conn.
There, they found $8500 worth of allowing "two individuals to execute transactions...without first obtaining registration as equity traders..." and failing "to update written supervisory procedures reasonably designed to achieve compliance with said regulations..." The missing however many hundreds of millions it was by then quite escaped their attention as, boxes all checked and wrist-taps to come, the sleuths boarded the train back to Boston.
Nobody else has spent so long at such high levels of the long captured US securities regulation complex. She has been a big part of building the regulatory problem for two decades; Stockholm Syndrome means she is unfit to be part of the solution.

If Mary Schapiro's the answer. . [NakedShorts]

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Remember Debra Ryan? For those who need a refresher, she was the woman behind the man that was Sam Israel III, the hedge fund manager who, with the help of DR, faked his own death in 2008 to avoid the prison time that was coming his way as a result of scamming investors in the Bayou Group out of $450 million. Several months after Israel was caught, Ryan penned an article for Marie Claire, explaining that she'd gone to great, illegal lengths to help him stay out of the big house because of all the "blazing sex life" they had, which see wasn't ready to give up. Though she was clearly not ready to move on ("I should just see it at face value and say he [screwed] me," she noted. "But I can’t let go") one would have thought that time and the three years probation Ryan was sentenced to would have helped her get over the guy who used to sneak up on her "while wearing glasses on his penis."  Apparently, though, such is not the case, as evidenced by Debra's contribution to a new book about Israel by Guy Lawson called Octopus, in which we learn that she is still carrying a torch for the guy the burns nearly as the fire in both their loins. "The next morning was Debra's birthday. She and Sam woke and made love-passionate, frantic, intense love. But as soon as they joined up with the Nicholses the atmosphere turned claustrophobic once again. Debra wanted alone time with Sam. But the Nicholses wouldn't leave them be for even a moment. Left with no choice, the two couples went for a stroll through the historic section of Zurich...wandering the old city was pleasant and exciting for Ryan. "I was starting to have a nice time," Ryan recalled. "Sam always wanted to spend money on me but I wouldn't let him. but this time he took me to a nice clothing store and bought me a bunch of new clothes. He was a great shopper- he could pick out clothes from the rack and they'd fit me perfectly. As we walked in one store, Sam turned me around and grabbed my face and kissed me with so much passion. We started to make out in the store, on the spur of the moment. I had never done that before, and I have never done it since. It was the best kiss ever." Octopus: Sam Israel, the Secret Market, and Wall Street's Wildest Con [Amazon] Related: Claim: Sam Israel’s Investors Gave Him Money Because They Liked Animal-Loving Cokeheads Who Looked Good In Women’s Underwear And Cowboy Boots Related: Hedge Fund Manager Who Faked His Own Death Has A Few Theories About Other Famous Murders, Real And Imaginary