????更為糟糕的是，在最近任命的高官中，懷特不是唯一的一位欠缺、甚至根本沒有市場經驗的人。接替蒂姆?蓋特納擔任財政部部長的人選雅各布?盧在華盛頓的職業生涯大部分時間精力都放在了預算問題上。他之前也從來沒有擔任過監管官員。懷特和盧可能會有所作為，但對于為推行華爾街改革而付出巨大努力的奧巴馬而言，任命他們似乎是奇怪的選擇。

????許多和我聊過的人都說，懷特缺乏監管經驗不會是什么大問題。她的丈夫約翰?懷特此前曾擔任SEC的資本市場部負責人。她本人也曾經擔任納斯達克（Nasdaq）董事。很多人想和她一起共過事。SEC前主席阿瑟?萊維特說：“她的關系網很龐大。”

????但問題的關鍵是專注點，懷特從來沒有專注于監管。金融危機前，克里斯?考克斯執掌下的SEC并非敗在缺乏執法上，而在于缺乏監督。夏皮羅的走馬上任及其監管經驗正是奧巴馬政府對此做出的回應。因此，我們在當時很可能需要執法強人的情況下迎來了一個監管者。同樣，懷特的提名是對夏皮羅缺點的反應。但愿懷特能夠超越自己吧。（財富中文網）

????To make matters worse, White isn't the only recent appointee with little or no market experience. The pick to be Tim Geithner's replacement at the Treasury Department, Jacob Lew, has spent most of his career in Washington focused on budget issues. He too has never been a regulator before. Both White and Lew might work out great, but they seem like odd choices from Obama after fighting so hard for Wall Street reform.

????A number of people I talked to said White's lack of experience as a regulator won't be a problem. Her husband, John White, previously served as the head of SEC's capital market division. She was also a board member of Nasdaq. And lots of people want to work with her. "Her Rolodex is as broad as anyone I know," says Arthur Levitt, a former chairman of the SEC.

????But it's a question of focus, and White's focus has never been on regulation. The real failure of the SEC under Chris Cox in the run up to the financial crisis was not a lack of enforcement, it was a lack of oversight. Shapiro, and her experience as a regulator, was a reaction to that. So we got a regulator at a time when we probably needed an enforcer. And in the same way White is a reaction to the shortcomings of Schapiro. Hopefully, White will be able to rise above her own.