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Bush Picks Investment Banker to Replace SEC's Pitt

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Bush Picks Investment Banker to Replace SEC's Pitt

Bush Picks Investment Banker to Replace SEC's Pitt

Bush Picks Investment Banker to Replace SEC's Pitt

  • Download
  • <iframe src="https://www.npr.org/player/embed/873865/873866" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

President Bush nominates Wall Street veteran William Donaldson to head the Securities and Exchange Commission. Donaldson was chairman of the New York Stock Exchange in the early 1990's and is a long-time friend of President Bush's family. He's also co-founder of the firm, Donaldson, Lufkin, and Jenrette. NPR's Jack Speer reports.