Sorry, Catkiller, no help there. New SEC Chairman Christopher Cox recuses himself from the probe into Bill Frist’s suspicious stock dump, leaving four commissioners — two Dems and two GOP — to head the inquiry. Update: A blind trust? Not hardly. “Documents on file with the Senate show the trustees for Frist and his immediate family wrote the senator nearly two dozen times between 2001 and July 2005. The documents list assets going into the account and assets sold. Some assets have a dollar range of the investment’s value and some list the number of shares.”
Tag: Christopher Cox
Cox the Corporate Cog.
So, apparently Rep. Chris Cox (R-CA), Dubya’s new pick to head the SEC, is — wait for it — yes, yet another right-wing freakshow, this time of the corporate stooge variety. “Mr. Cox – a devoted student of Ayn Rand, the high priestess of unfettered capitalism – has a long record in the House of promoting the agenda of business interests that are a cornerstone of the Republican Party’s political and financial support. A major recipient of contributions from business groups, the accounting profession and Silicon Valley, he has fought against accounting rules that would give less favorable treatment to corporate mergers and executive stock options. He opposes taxes on dividends and capital gains. And he helped to steer through the House a bill making investor lawsuits more difficult.”
The Zap-O-Terrorist doesn’t work?
“‘Everyone was standing in line with their silver bullets to make us more secure after Sept. 11,’ said Randall J. Larsen, a retired Air Force colonel and former government adviser on scientific issues. ‘We bought a lot of stuff off the shelf that wasn’t effective.'” Yep, unfortunately we purchased billions of dollars of defective garbage in the post-9/11 rush to defend the homeland, a mistake that will cost several billion more to rectify. “After 9/11, we had to show how committed we were by spending hugely greater amounts of money than ever before, as rapidly as possible,” said Representative Christopher Cox, a California Republican who is the chairman of the Homeland Security Committee. “That brought us what we might expect, which is some expensive mistakes.”