Is that why White had the political disclosure rule removed from the SEC's rule-making docket? And, if so, is the famously steely SEC chair bowing to political pressure despite what she knows is right? Or is she in agreement with the fatuous claims of the business opponents of a disclosure rule?
White has said that no one should read anything into the removal of the proposed rule, except that the agency's new agenda reflects her estimate of what can get done in 2014.
We will see. Thanks to SEC inaction, investors will be in the dark – and potentially at risk – in the coming year, when new records are likely to be set for Dark Money spending – much of it corporate money – in elections.