William Donaldson, Republican chairman of the Securities and Exchange Commission, is defending his record for breaking down political divisions and obtaining unanimous votes among its commissioners.

According to a report from The Financial Times, the question of unanimity at the Commission arose recently when Richard Shelby (R-Ala.), who is chairman of the Senate Banking Committee, said that some people were "troubled" by recent reform votes that passed by a 3-2 margin. A lack of consensus could jeopardize the Commission's credibility, the Senator implied.

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