Democrats 'more disappointed than ever' in Obama's SEC chief

Sen. Elizabeth Warren and other Senate Democrats stridently criticized Securities and Exchange Commission Chairwoman Mary Jo White Tuesday, faulting her in an oversight hearing for failing to require companies to disclose more information to investors, especially regarding political activities.

“A year ago I called your leadership at the SEC extremely disappointing. Today, I am more disappointed then ever,” Warren said at a Senate Banking Committee hearing, accusing White of doing big business’ bidding in updating disclosure rules.