The Bigger Problem Raised by the David Becker Conflict Report

But my main concern today isn’t conflicts.What concerns me even more than Becker’s decision not to recuse himself (which I find baffling), is a bigger problem with our financial regulatory system that Kotz’s report highlights: the special access phenomenon. You see, by Becker’s own account, he got involved in Madoff investor issues only after he was contacted by Davis Polk & Wardwell, which represents Mets executives Fred Wilpon and Saul Katz. Furthermore, that contact came from Davis Polk partner Annette Nazareth, who is a former SEC Commissioner and worked directly with Becker at the agency.

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