Bush Makes Recess Appointment to SEC

AP ^ | January 22, 2002, 7:37 PM EST

[Jean S]

WASHINGTON -- President Bush on Tuesday used his recess appointment power to put an official from a major accounting firm on the Securities and Exchange Commission, which is investigating the auditing work done for troubled energy trader Enron Corp.

Bush appointed Cynthia A. Glassman, a principal at the Big Five accounting firm Ernst & Young. She worked at the Federal Reserve Board from 1977 to 1986 as economist and senior economist and in other positions.

The accounting profession has come under heightened public scrutiny as a result of the collapse of Enron, and the SEC is investigating the auditing work done for the company by major accountant Arthur Andersen LLP.

Glassman, a Republican, has worked for Ernst & Young since 1997. She was director of commercial bank risk management from 1997 to 1999, and before that had been director of research and managing director at Furash & Co.

Glassman served with the board of governors of the Federal Reserve from 1977 to 1986. She holds a Ph.D. in economics from the University of Pennsylvania.

He also reappointed Isaac C. Hunt Jr., a Democrat appointed to the SEC by former President Clinton in 1996. Hunt's term recently expired. A graduate of the University of Virginia law school, Hunt was dean of Antioch School of Law in Washington from 1987 to 1995.

Bush made the appointments just a day before the opening of the second session of the 107th Congress. Because Bush exercised his authority while Congress was out of session, his appointees will be allowed to serve until Congress recesses again at the end of the year.

In other recess appointments Tuesday, Bush named:

_Deborah Matz and JoAnn Johnson to the board of the National Credit Union Administration.

_William B. Cowen and Michael J. Bartlett to the National Labor Relations Board.

[MamaLucci]

William B. Cowen and Michael J. Bartlett to the National Labor Relations Board.

Oooh....this will make the libs howl!

[anniegetyourgun]

You bet - that last little embedded line is hot stuff!

[Howlin]

Tell me why. And should I be happy about that?

[pushforbush]

Yes, the liberals will howl, but they will get no traction with the media. This is big, big news. Bush is a fighter who can keep a low profile to avoid being tagged as "partisan" by the electorate.

[MeekOneGOP]

Bush Makes Recess Appointment to SEC

Excerpt:

Bush appointed Cynthia A. Glassman, a principal at the Big Five accounting firm Ernst & Young. She worked at the Federal Reserve Board from 1977 to 1986 as economist and senior economist and in other positions.

He also reappointed Isaac C. Hunt Jr., a Democrat appointed to the SEC by former President Clinton in 1996.

Bush made the appointments just a day before the opening of the second session of the 107th Congress.

In other recess appointments Tuesday, Bush named:

_Deborah Matz and JoAnn Johnson to the board of the National Credit Union Administration.

_William B. Cowen and Michael J. Bartlett to the National Labor Relations Board.

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heeheehee!
(((PING))))))
Please let me know if you want ON or OFF my ping list!. . .don't be shy.

[MamaLucci]

Tell me why.

In a word, BECK.

And should I be happy about that?

YES!

[kassie]

Ya gotta love it!!

[ohioWfan]

But....but....I thought Bush wasn't a Conservative. I am so confused! :o)

[sinkspur]

I wonder if Cynthia Glassman is related to James Glassman, author of DOW 36,000 and an economist with Barron's (I think).

He also hosted a version of Crossfire on a Sunday night for a few months.

[Map Kernow]

I only wish he had made other recess appointments like Eugene Scalia....but I think that one might have been too politically "hot."

[america-rules]

Do you live under a rock?

[Utah Girl]

I thought President Bush did recess appoint Eugene Scalia and Otto Reich. And the Dems promptly had kittens over that fact.

[Unknown Freeper]

I thought he had appointed Scalia and Reich on 1/12.

[Miss Marple]

What an excellent question! I did a short Google search but couldn't find a connection.

[pushforbush]

He did make those appointments, and the fact that you didn't hear any liberal howls shows how little traction the liberals have on this issue. That's why the second wave of recess appointments will be seen as old news by the electorate.

[patj]

For good info on Beck: www.freerepublic.com/focus/fr/604617/posts Sorry I don't know how to link.

[Jean S]

I did some searching too. I couldn't find anything either.

[MeekOneGOP]

Thanks for that link! Now I understand. I would say Hoffa is spinning in his grave - but in that concrete suit, I doubt it. . .

[gieriscm]

Link to Beck

Here's your link!