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Simon Johnson: I Know Exactly The Man To Turn Around The SEC

Simon Johnson: I Know Exactly The Man To Turn Around The SEC
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Senior Reporter, HuffPost

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WASHINGTON - APRIL 9: In this handout image provided by the IMF, International Monetary Fund's Economic Counsellor and Director of Research Simon Johnson speaks along side Charles Collyns (C), Deputy Director of the Research Department and William Murray (R), Division Chief of External Relations during a news conference of the World Economic Outlook Press Conference at the IMF Headquarters April 9, 2008 in Washington, DC. The IMF claims that global growth will decelerate in 2008 due to the slowdown of the economy in the United States. (Photo by Michael Spilotro/IMF via Getty Images)

The job of head of enforcement at the Securities and Exchange Commission is now open. The Obama administration should press for the appointment of Neil Barofsky, former special inspector general for the Troubled Asset Relief Program, to this position. Unfortunately, the administration has given no indication it will do so, leaving the impression that it is likely to be business as usual for the next four years, with regulators who are less than tough on the industry.

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