Levitt Speaks
Former SEC Chairman Arthur Levitt speaks about what is needed at the SEC. Although he doesn't come right out and say that Webster should resign, he broadly hints at it:
Harvey Pitt split the commission vote [the two Democratic commissioners out of five voted against Webster] on whoever was chosen to head the oversight body by giving that body such an action [recommending Webster]. Only a united—a unanimous—commission vote would remove the taint of politicization, which is the death knell of a commission intended to ensure the public of its independence, its integrity and its freedom from political influence....
So much of public confidence is a question of appearance. You need people on the board who really are recognized for their professionalism and independence and total freedom from being viewed as political choices.