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Bush Makes Recess Appointment to SEC
AP ^ | January 22, 2002, 7:37 PM EST

Posted on 01/22/2002 4:29:03 PM PST by 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.


TOPICS: Breaking News; News/Current Events
KEYWORDS: enronlist
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To: patj, MeeknMing
Thanks for the link!
Info on the Beck decision
21 posted on 01/22/2002 5:12:13 PM PST by MamaLucci
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To: JeanS
BTTT
22 posted on 01/22/2002 5:13:15 PM PST by firewalk
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To: gieriscm
:) Thanks! I'm helping with 5th & 6th grade homework.
23 posted on 01/22/2002 5:13:52 PM PST by MamaLucci
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To: Miss Marple
She has a connection to Wellesley. Graduated with a BA in Economics.
24 posted on 01/22/2002 5:22:18 PM PST by deport
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To: sinkspur
Hey, not to drag arguments from thread to thread but I found out when somebody emailed me that the story about Washington's wooden teeth (what I was taught in school) is actually false.

http://www.mountvernon.org/books/myths.asp

25 posted on 01/22/2002 5:22:24 PM PST by Demidog
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To: MeeknMing
Thanks for the ping! Gotta love it -- right before Congress goes back in session. Guess he figured if Biden was going to say no more appointments since he made recess appointments that he would make some more!
26 posted on 01/22/2002 5:26:25 PM PST by PhiKapMom
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To: Demidog
Hey, not to drag arguments from thread to thread

So Washington didn't have wooden teeth, but had cow's teeth instead?

I'd let the wooden teeth myth endure, if I were you.

27 posted on 01/22/2002 5:29:30 PM PST by sinkspur
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To: JeanS
These recess appointments are BAD POLICY and is taking our government down a nasty road. These cowardly recess appointments are something a crooked politician would do. We do not elect Dictators!
28 posted on 01/22/2002 5:34:38 PM PST by jungleboy
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To: PhiKapMom; kassie
Thanks for the ping! Gotta love it -- right before Congress goes back in session. Guess he figured if Biden was going to say no more appointments since he made recess appointments that he would make some more!
Yeah, I'd say "Gotta love it" sums it up nicely. Thanks, guys, and a
BIG Texas BUMP back atcha! :o)
29 posted on 01/22/2002 5:36:18 PM PST by MeekOneGOP
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To: MamaLucci
The first thing one must say here is that federal Judge Henry H. Kennedy Jr.'s ruling is strange if not nonsensical; surely workers have a right to know their rights.

Thanks for the link.
Hahaha, I knew this Judge Kennedy was another corrupt appointment by the scumbag administration.
I just knew it.

30 posted on 01/22/2002 5:45:41 PM PST by Lancey Howard
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To: JeanS
Is anyone ... anyone at all ... complaining about the recess appointments? Or are we sitting here cheering and slapping each other on the back for beating Clinton at his own game while the Dems sits strangely mute. If there has been outrage, I haven't seen it.

I know and you know it's cheesy to turn around and complain about a tactic your guy has used in spades -- overcoming denied appointments, even. But why would fair play or logic stop the left from bitching about Bush's recess appointments?

Am I missing something?

31 posted on 01/22/2002 5:50:36 PM PST by Askel5
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To: JeanS
I must confess, there were a few months at the end of last year when W didn't seem to be standing up to Daschle and I was worried he would get rolled over domestically. "Not over my dead body" gave me hope, and this, well this is just great. The sly dog. Every time I lose confidence in this guy he gives me good reason to regain it.
32 posted on 01/22/2002 5:52:07 PM PST by PianoMan
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To: jungleboy
These recess appointments are BAD POLICY and is taking our government down a nasty road. These cowardly recess appointments are something a crooked politician would do. We do not elect Dictators!

You make a good point and I feel your pain.
This "BAD POLICY" was set in motion by the scumbag Democrats when they invented the concept of "borking" Presidential nominees who were perfectly qualified but did not fit an ideological mold. For example, if a judicial nominee respects the US Constitution, then he is pure poison to the scumbag Democrats and will never get confirmed (or even voted on). Yes, you can thank the scumbags for putting us on this "nasty road".

33 posted on 01/22/2002 5:53:44 PM PST by Lancey Howard
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To: Lancey Howard; jungleboy
The provisions for recess appointments are laid out in the Constitution of the United States.
34 posted on 01/22/2002 5:58:33 PM PST by sinkspur
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To: JeanS
Thank God. The Labor Relations Board, too! That's big news.

I'm glad Bush finally woke up. Every day he leaves a majority of Clintonoid Democrats in control of these important agencies, he risks big-time damage. If the SEC had come in with a partisan attack on his administration, which these slime are fully capable of doing, the media would jump all over it, and it would be too late to deal with the crisis.

This needs to be done all over the government and its agencies, because it's just not realistic to imagine that the Dems still ensconced in entrenched positions of power will be fair or reasonable or cooperative. They just don't play that way any more, as we have seen time after time the past eight or ten years.

35 posted on 01/22/2002 5:59:19 PM PST by Cicero
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To: Askel5
Am I missing something?

Not at all. The rats are steaming and they know that complaining about the recess appointments is a loser from the git-go. They tried it a couple of weeks ago, remember, and not only did they get no traction, but they were called on their hypocrisy. And how dare they whine about the actions taken by a wartime President in response to a do-nothing Senate, LOL. The rats are tied up in knots, helpless and hopeless. You didn't miss anything - - there was nothing to miss.

36 posted on 01/22/2002 6:00:45 PM PST by Lancey Howard
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To: Askel5
In the cases of Reich and Scalia, where the Senate refused to give them hearings, Bush was right to make recess appointments as the Constitution allows. On the other hand, these appointments remind me too much of Clinton's tactics.
37 posted on 01/22/2002 6:02:55 PM PST by Jean S
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To: JeanS
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.

Why???

Antioch Law School Clintonista ...

Why???

38 posted on 01/22/2002 6:07:50 PM PST by dodger
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Comment #39 Removed by Moderator

To: dodger
Because a maximum of three people on the SEC are allowed to belong to the same party, and the appointment of Glassman will make three Republicans on the panel. I suppose Bush could have chosen an Independent instead of re-appointing Hunt, but I doubt it matters that much.
40 posted on 01/22/2002 6:19:54 PM PST by DallasJ7
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