Bush Chooses Conservative Cox to Lead SEC

AP ^ | 06/02/05 | David Espo

[jdsteel]

Bush Chooses Rep. Chris Cox to Lead SEC; Has Background in Foreign Policy As Well As Economics

WASHINGTON (AP) -- President Bush named conservative Rep. Christopher Cox to lead the Securities and Exchange Commission Thursday, a day after William Donaldson announced he was stepping down after 28 months. With Cox at his side at a White House ceremony, Bush called the Californian "a champion of the free enterprise system in Congress" and said "he'll be an outstanding leader of the SEC."

Cox, 52, a member of the House Republican leadership, has a wide-ranging background, from foreign policy and economic issues to homeland security. He has represented California in Congress for 16 years. Before that, he was a corporate finance lawyer in private practice and served as a senior counsel in the Reagan White House.

[jdsteel]

This could potentially be something significant. The last guy (Donaldson) went overboard in his regulatory zeal and got quite a few things rolling that were counter-productive to the free market. If this new guy is a bit more reasonable and tones down the "guilty-unless-proven-innocent" attitude that is currently pervading the SEC we could see a positive reaction from the stock market.

[Calpernia]

bump!

[The_Victor]

Why do I have an extraordinary circumstances feeling about this nomination?

[BallyBill]

I guess they figured GWB would choose a liberal????

[monkeywrench]

Me too!

[Redbob]

Be interesting to see how Cox handles New York's raving loon, Elliot Spitzer.

[1Old Pro]

"Conservative" Cox, don't ya just love the lamestream media.

[CFC__VRWC]

"Conservative" Cox, don't ya just love the lamestream media.

They're telegraphing - looks like yet another Dim fillibuster is coming.

[Kenny Bunkport]

So much for Cox running against DiFi next year. :(

[Lx]

Damn, we need him right here in California.

[1Old Pro]

They're telegraphing - looks like yet another Dim fillibuster is coming.

Yep, clearly "extraordinary" circumstances given that the media has identified him as a conservative.

[ElkGroveDan]

Damn, we need him right here in California.

Nah, plenty of good conservative leaders in Orange COunty to step in. Word is State Senate Republican Leader Dick Ackerman has announced for the seat.

[BARLF]

Congressman Cox a favorite of mine.Glad to see President Bush has chosen him for this position. I would like to see him run against Hillory for president in 2008.

Chris and Condi.

[ken5050]

Spitzer will drive most of the securities business out of NY..

[ken5050]

Yuu can't have both presidential and VP candidates from the same state..sorry..

[Redmen4ever]

from the Republican Liberty Caucus website ...

http://www.republicanliberty.org/libdex/cg_legis.asp?key=coc01

LIFE (1991-2004) | Republican | CA 47

personal liberties: 48
economic liberties: 93
combined: 70.4

Almost as good as Dana Rohrabacher

http://www.republicanliberty.org/libdex/cg_legis.asp?key=rod01

But not quite as good as Ron Paul

http://www.republicanliberty.org/libdex/cg_legis.asp?key=par01

[Romish_Papist]

In other news... Pope still Catholic...

[doctor noe]

"So much for Cox running against DiFi next year."

Cox wouldn't stand a chance against DiFi. In fact, her Senate seat will remain hers for as long as she wants it.

[babaloo]

Spitzer has cost investors billions of dollars in equity. He set himself up a a mini-me SEC. Bush is doing housecleaning. Cutler gone last month and now Donaldson who has been a major problem.

[jdsteel]

Spitzer has cost investors billions of dollars in equity.

I've read recently that Spitzer sucked 8 BILLION dollars out of the security industry. I ask you; where was the original source of that money?