Cox Looking To Cash In On SEC Job
By on Jun 27th, 2005 at 1:35 pm
Cox Looking To Cash In On SEC Job
In the Bush administration, top officials regularly cash in on their connections by taking jobs in the industries they used to regulate. Former Attorney General John Ashcroft did it. Former Secretary of Homeland Security Tom Ridge did it. And former Commerce Secretary Don Evans did it.
Chris Cox, who was recently nominated to chair the Securities and Exchange Commission, is making no secret about his intentions. Here is what his “longtime friend,” Joseph Finley, said made the job so attractive to Cox:
It’s a good way for him, if he decides over time to leave the public sector, a good place to exit from.
There was a time when people took these jobs to serve the public, not to skip a few rungs on the corporate ladder.
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There may have been a time, but we are dealing with the chosen of the bush43 administration. Money, greed and power mean more than anything to them.
June 27th, 2005 at 1:58 pmAs part of the confirmation process, Cox should face the Harken Test. That is, he ought to answer one simple question:
“If Sarbanes-Oxley were in place 20 years ago, would George W. Bush have faced charges over his leadership of Harken Energy?”
As has been well-documented by the Center for Public Integrity and others, the answer should be “yes.”
For more, see:
“Chris Cox and the Harken Test”
June 27th, 2005 at 2:17 pmReally? When was that time?
June 27th, 2005 at 2:42 pmI have a friend who insists that the Bushies are no worse than the Democrats at this feeding at the corporate trough business. I beg to differ, but I have no statistics to back that up, though I know I’ve read them. Just can’t remember where.
Anyone have any numbers on, say, the number of Clinton appointees who went on to work in the industries they regulated, vs. Bush I & II?
June 27th, 2005 at 4:14 pmImpeach Cox too!
June 27th, 2005 at 5:26 pm