posted
Christopher Cox represents a region close to our hometown. His representive district is comprised by the wealthiest of the wealthy, an area of ultra right-wing conservatives who frequently create circumstances leading to allegations of racism; lily white neighborhood.
This area is known for multi-million dollar beach front homes with harbor private parking for luxury yachts, and Mercedes driven by three piece suits with cell phones plugged into their ears; Randolph and Mortimer Duke.
Cox presents a staunch stance of deregulation, rollback of rules set by Donaldson, preventing lawsuits for corporate fraud, and less reporting requirements for corporations; he will return the SEC to the Bad Ol' Days.
Bush is also presented with a chance to fill two other SEC seats with corporate sleaze, one of them the worst, Annette Nazareth
No surprise markets are crashing today after yesterday's good rally.
Nothing but bad news for investors. I have been urging you to be more politically active. You were warned of pending problems, well before all of this came to public light.
Bloomberg:
"Cox was an author of the Securities Litigation Reform Act, a law that made it more difficult for investors to sue for misconduct. It was the only bill to become law over President Bill Clinton's veto, according to a New York Times story on May 21, 1998...
Representing Newport Beach, California, in his first campaign for election to the House, Cox enlisted the support of Oliver North, a Reagan administration official who was indicted in the 1980s in connection with financing for the Nicaraguan contras...."
New York Times:
"...Mr. Bush to nominate Representative Christopher Cox, 52, a California Republican who has long been an ally of business groups and who helped rewrite securities laws to make investor lawsuits more difficult to file...
In 1995, he was named a defendant in a lawsuit by investors as a result of legal work he did for an investment group in the 1980's. The suit accused Mr. Cox, his former law firm and two former colleagues of misleading regulators and investors about the condition of a real estate investment fund. Mr. Cox, who denied that he had violated any laws, was eventually dropped from the lawsuit and the firm where he worked, Latham & Watkins, settled for an undisclosed amount...."
posted
If you have not figured this out, yet, Donaldson did not resign legitimately. He was forced out of office by Bush and his cronies. Donaldson was actively pursuing protection of private investors, against Bush's expectation of Donaldson protecting corporate sleaze.
Watch, Bush will rant and rave endlessly about how Cox will protect investors, enforce rules, return integrity to the stock markets.
This historical record of Cox will and does contradict Bush's claims.
Bush is already in a preemptive defensive mode knowing he will be harshly critiqued for his nomination of such obvious corporate sleaze.
posted
Maybe this is why the market is coming back, he is also working to kill the internet tax
Chris Cox is working with President Bush to reduce the federal tax burden. Known as the "father" of the Death Tax Repeal movement in Congress, Rep. Cox's success paid off when President George W. Bush signed Death Tax Repeal into law. To help ensure renewed economic growth, Chris Cox is leading the charge to make Death Tax repeal permanent, and to enact further tax rate cuts to promote savings and investment.
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Christopher Cox has a well documented bad history. He is involved in corporate fraud, involved with the likes of Oliver North, he favors deregulation at a time when corporate fraud is at it highest, and is very clearly out to harm private investors.
Annette Nazareth recently made it clear naked shorting is a myth, it does not exist. Nothing else needs to be written about her idiocy.
Cox and Nazareth as a team, they will roll back the SEC to the Dark Ages and will allow fraud and crime to quickly increase.
Doing so, is clearly not good for traders like us.
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Oh I think the topic being promoted here is just more Bush bashing. To find the real Fields of Sleeze you have to go back to the years of the Clintons. Seems to me that Corporate Sleeze reached new highs in the Bubble.
-------------------- If you don't have instincts, get out. If you do; go with them.
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Wow Gurl your comparing comparing Hillary/Boxer to Limbaugh/Buchanon??? Both tickets sound equally bizare to me..... good comparison. I like your thinking.
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All politicians are sleazy. However, Bush is in office and making decisions. What has taken place in the past, is no longer current although those events do ripple forward in time.
Right now, however, Bush is in office and his habit is to consistently nominate corporate sleaze to financial positions. Well, except for Donaldson, a nomination which backfired in Bush's mug, thus Bush administration pressure to remove Donaldson.
Donaldson was and is investor's advocate.
Bush pushed him out of office and is trying to replace him with a real crook.
I don't like that, which leads to my constant writing of annoying letters to which none pay attention. I doubt my mail makes it past teenage interns looking to make Monica money.
Nonetheless, I will keep writing and will again urge all readers to write, to be politically active to protect your interests and your family's interests.
The Bush Royal Family has a long documented history of stealing from American families. We still have three more years of Bush.
* waves an American flag *
You owe it to your family and to America to do all you can safeguard our right to pursue the traditional American dream.
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Gurl ... where can we find all these bad things about Cox that you have talking about. You can make every Republican sound like he is a Stalin wanna be.
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This is a funny thread. Some people are completely blinded by their ideology and don't even know what is good for themselves, much less our country. But what do you expect when everyone watches TV news and never thinks for themselves...
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Dish Gal, to help you understand me better, if Hillary Clinton was in office and pulling stunts like Bush, I would critique her with equal intensity.
I don't like any politicians. However, some are more sufferable than others.
Persnoally, I would like to witness people like Paul Newman, Alan Alda, Maria Shriver, Katie Couric or even Walter Cronkite in political offices.
Jerry Brown and Linda Ronstadt were a fairly decent team.
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As far as the Bush sleaze is concerned. Anything Bush does says or does is examined for dirt or sleaze by a hateful Bush media(la and ny times)..... even if its not there... it still makes headlines. and a lot of the sleaze thats being discussed here has to be looked for and probably found in a left leaning publication.... With Clinton it was wall to wall... 24/7 sleaze, Im sure Billy boy is still paying for his lawyers defending him from the numerous lawsuits brought against him.
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Purl I think everything that is going on should be classified as a scandal......but that won't happen.
Basically as an independent who has voted Republican for many years (except this last election).......I feel it should not be about party lines, but about right and wrong. Too many people vote for the party, assuming everything will be fine. Not true!
I myself for many years was guilty of just voting my party of choice (Independent leaning Republican)......but more and more events made me question motives and reasoning in different matters...Well heck, to be honest, downright stupid things at times, that I had to start looking for the truth. What I found was not pretty. LOL
At some point, people have to start looking for the truth, or we are doomed. I'm sure people will jump on what I have said, it is expected of them. I am 60 years old and have seen this country change over time, but never has it been so obvious as today.
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Like Gurl said, the man is rich and successful - the people liberals hate.
We don't need a smart and successful rich man in such a high post - we need some dumb female who never acomplished anything, preferably black, and the poorer the better.
Gurl can't say just why Cox is a bad choice - she can only slander him - typical liberal mode of argument.
Liberals deserve Hillary and Boxer, who would really run this country into third world status, lowering the standard of living to increase crime and civil unrest.
Gurl didn't post this on off-topic because she didn't want me to see it and respond.
-------------------- The light of truth is blinding to most.
More comforting to look only at the shadows of falseness.
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