[big campaign] Accountable America Statement on Chris Cox being called to Testify @ FCIC Hearing

podesta-emails 1,700 words email

D6 P17 V11 V16 V15

-----BEGIN PGP PUBLIC KEY BLOCK----- mQQBBGBjDtIBH6DJa80zDBgR+VqlYGaXu5bEJg9HEgAtJeCLuThdhXfl5Zs32RyB I1QjIlttvngepHQozmglBDmi2FZ4S+wWhZv10bZCoyXPIPwwq6TylwPv8+buxuff B6tYil3VAB9XKGPyPjKrlXn1fz76VMpuTOs7OGYR8xDidw9EHfBvmb+sQyrU1FOW aPHxba5lK6hAo/KYFpTnimsmsz0Cvo1sZAV/EFIkfagiGTL2J/NhINfGPScpj8LB bYelVN/NU4c6Ws1ivWbfcGvqU4lymoJgJo/l9HiV6X2bdVyuB24O3xeyhTnD7laf epykwxODVfAt4qLC3J478MSSmTXS8zMumaQMNR1tUUYtHCJC0xAKbsFukzbfoRDv m2zFCCVxeYHvByxstuzg0SurlPyuiFiy2cENek5+W8Sjt95nEiQ4suBldswpz1Kv n71t7vd7zst49xxExB+tD+vmY7GXIds43Rb05dqksQuo2yCeuCbY5RBiMHX3d4nU 041jHBsv5wY24j0N6bpAsm/s0T0Mt7IO6UaN33I712oPlclTweYTAesW3jDpeQ7A ioi0CMjWZnRpUxorcFmzL/Cc/fPqgAtnAL5GIUuEOqUf8AlKmzsKcnKZ7L2d8mxG QqN16nlAiUuUpchQNMr+tAa1L5S1uK/fu6thVlSSk7KMQyJfVpwLy6068a1WmNj4 yxo9HaSeQNXh3cui+61qb9wlrkwlaiouw9+bpCmR0V8+XpWma/D/TEz9tg5vkfNo eG4t+FUQ7QgrrvIkDNFcRyTUO9cJHB+kcp2NgCcpCwan3wnuzKka9AWFAitpoAwx L6BX0L8kg/LzRPhkQnMOrj/tuu9hZrui4woqURhWLiYi2aZe7WCkuoqR/qMGP6qP EQRcvndTWkQo6K9BdCH4ZjRqcGbY1wFt/qgAxhi+uSo2IWiM1fRI4eRCGifpBtYK Dw44W9uPAu4cgVnAUzESEeW0bft5XXxAqpvyMBIdv3YqfVfOElZdKbteEu4YuOao FLpbk4ajCxO4Fzc9AugJ8iQOAoaekJWA7TjWJ6CbJe8w3thpznP0w6jNG8ZleZ6a jHckyGlx5wzQTRLVT5+wK6edFlxKmSd93jkLWWCbrc0Dsa39OkSTDmZPoZgKGRhp Yc0C4jePYreTGI6p7/H3AFv84o0fjHt5fn4GpT1Xgfg+1X/wmIv7iNQtljCjAqhD 6XN+QiOAYAloAym8lOm9zOoCDv1TSDpmeyeP0rNV95OozsmFAUaKSUcUFBUfq9FL uyr+rJZQw2DPfq2wE75PtOyJiZH7zljCh12fp5yrNx6L7HSqwwuG7vGO4f0ltYOZ dPKzaEhCOO7o108RexdNABEBAAG0Rldpa2lMZWFrcyBFZGl0b3JpYWwgT2ZmaWNl IEhpZ2ggU2VjdXJpdHkgQ29tbXVuaWNhdGlvbiBLZXkgKDIwMjEtMjAyNCmJBDEE EwEKACcFAmBjDtICGwMFCQWjmoAFCwkIBwMFFQoJCAsFFgIDAQACHgECF4AACgkQ nG3NFyg+RUzRbh+eMSKgMYOdoz70u4RKTvev4KyqCAlwji+1RomnW7qsAK+l1s6b ugOhOs8zYv2ZSy6lv5JgWITRZogvB69JP94+Juphol6LIImC9X3P/bcBLw7VCdNA mP0XQ4OlleLZWXUEW9EqR4QyM0RkPMoxXObfRgtGHKIkjZYXyGhUOd7MxRM8DBzN yieFf3CjZNADQnNBk/ZWRdJrpq8J1W0dNKI7IUW2yCyfdgnPAkX/lyIqw4ht5UxF VGrva3PoepPir0TeKP3M0BMxpsxYSVOdwcsnkMzMlQ7TOJlsEdtKQwxjV6a1vH+t k4TpR4aG8fS7ZtGzxcxPylhndiiRVwdYitr5nKeBP69aWH9uLcpIzplXm4DcusUc Bo8KHz+qlIjs03k8hRfqYhUGB96nK6TJ0xS7tN83WUFQXk29fWkXjQSp1Z5dNCcT sWQBTxWxwYyEI8iGErH2xnok3HTyMItdCGEVBBhGOs1uCHX3W3yW2CooWLC/8Pia qgss3V7m4SHSfl4pDeZJcAPiH3Fm00wlGUslVSziatXW3499f2QdSyNDw6Qc+chK hUFflmAaavtpTqXPk+Lzvtw5SSW+iRGmEQICKzD2chpy05mW5v6QUy+G29nchGDD rrfpId2Gy1VoyBx8FAto4+6BOWVijrOj9Boz7098huotDQgNoEnidvVdsqP+P1RR QJekr97idAV28i7iEOLd99d6qI5xRqc3/QsV+y2ZnnyKB10uQNVPLgUkQljqN0wP XmdVer+0X+aeTHUd1d64fcc6M0cpYefNNRCsTsgbnWD+x0rjS9RMo+Uosy41+IxJ 6qIBhNrMK6fEmQoZG3qTRPYYrDoaJdDJERN2E5yLxP2SPI0rWNjMSoPEA/gk5L91 m6bToM/0VkEJNJkpxU5fq5834s3PleW39ZdpI0HpBDGeEypo/t9oGDY3Pd7JrMOF zOTohxTyu4w2Ql7jgs+7KbO9PH0Fx5dTDmDq66jKIkkC7DI0QtMQclnmWWtn14BS KTSZoZekWESVYhORwmPEf32EPiC9t8zDRglXzPGmJAPISSQz+Cc9o1ipoSIkoCCh 2MWoSbn3KFA53vgsYd0vS/+Nw5aUksSleorFns2yFgp/w5Ygv0D007k6u3DqyRLB W5y6tJLvbC1ME7jCBoLW6nFEVxgDo727pqOpMVjGGx5zcEokPIRDMkW/lXjw+fTy c6misESDCAWbgzniG/iyt77Kz711unpOhw5aemI9LpOq17AiIbjzSZYt6b1Aq7Wr aB+C1yws2ivIl9ZYK911A1m69yuUg0DPK+uyL7Z86XC7hI8B0IY1MM/MbmFiDo6H dkfwUckE74sxxeJrFZKkBbkEAQRgYw7SAR+gvktRnaUrj/84Pu0oYVe49nPEcy/7 5Fs6LvAwAj+JcAQPW3uy7D7fuGFEQguasfRrhWY5R87+g5ria6qQT2/Sf19Tpngs d0Dd9DJ1MMTaA1pc5F7PQgoOVKo68fDXfjr76n1NchfCzQbozS1HoM8ys3WnKAw+ Neae9oymp2t9FB3B+To4nsvsOM9KM06ZfBILO9NtzbWhzaAyWwSrMOFFJfpyxZAQ 8VbucNDHkPJjhxuafreC9q2f316RlwdS+XjDggRY6xD77fHtzYea04UWuZidc5zL VpsuZR1nObXOgE+4s8LU5p6fo7jL0CRxvfFnDhSQg2Z617flsdjYAJ2JR4apg3Es G46xWl8xf7t227/0nXaCIMJI7g09FeOOsfCmBaf/ebfiXXnQbK2zCbbDYXbrYgw6 ESkSTt940lHtynnVmQBvZqSXY93MeKjSaQk1VKyobngqaDAIIzHxNCR941McGD7F qHHM2YMTgi6XXaDThNC6u5msI1l/24PPvrxkJxjPSGsNlCbXL2wqaDgrP6LvCP9O uooR9dVRxaZXcKQjeVGxrcRtoTSSyZimfjEercwi9RKHt42O5akPsXaOzeVjmvD9 EB5jrKBe/aAOHgHJEIgJhUNARJ9+dXm7GofpvtN/5RE6qlx11QGvoENHIgawGjGX Jy5oyRBS+e+KHcgVqbmV9bvIXdwiC4BDGxkXtjc75hTaGhnDpu69+Cq016cfsh+0 XaRnHRdh0SZfcYdEqqjn9CTILfNuiEpZm6hYOlrfgYQe1I13rgrnSV+EfVCOLF4L P9ejcf3eCvNhIhEjsBNEUDOFAA6J5+YqZvFYtjk3efpM2jCg6XTLZWaI8kCuADMu yrQxGrM8yIGvBndrlmmljUqlc8/Nq9rcLVFDsVqb9wOZjrCIJ7GEUD6bRuolmRPE SLrpP5mDS+wetdhLn5ME1e9JeVkiSVSFIGsumZTNUaT0a90L4yNj5gBE40dvFplW 7TLeNE/ewDQk5LiIrfWuTUn3CqpjIOXxsZFLjieNgofX1nSeLjy3tnJwuTYQlVJO 3CbqH1k6cOIvE9XShnnuxmiSoav4uZIXnLZFQRT9v8UPIuedp7TO8Vjl0xRTajCL PdTk21e7fYriax62IssYcsbbo5G5auEdPO04H/+v/hxmRsGIr3XYvSi4ZWXKASxy a/jHFu9zEqmy0EBzFzpmSx+FrzpMKPkoU7RbxzMgZwIYEBk66Hh6gxllL0JmWjV0 iqmJMtOERE4NgYgumQT3dTxKuFtywmFxBTe80BhGlfUbjBtiSrULq59np4ztwlRT wDEAVDoZbN57aEXhQ8jjF2RlHtqGXhFMrg9fALHaRQARAQABiQQZBBgBCgAPBQJg Yw7SAhsMBQkFo5qAAAoJEJxtzRcoPkVMdigfoK4oBYoxVoWUBCUekCg/alVGyEHa ekvFmd3LYSKX/WklAY7cAgL/1UlLIFXbq9jpGXJUmLZBkzXkOylF9FIXNNTFAmBM 3TRjfPv91D8EhrHJW0SlECN+riBLtfIQV9Y1BUlQthxFPtB1G1fGrv4XR9Y4TsRj VSo78cNMQY6/89Kc00ip7tdLeFUHtKcJs+5EfDQgagf8pSfF/TWnYZOMN2mAPRRf fh3SkFXeuM7PU/X0B6FJNXefGJbmfJBOXFbaSRnkacTOE9caftRKN1LHBAr8/RPk pc9p6y9RBc/+6rLuLRZpn2W3m3kwzb4scDtHHFXXQBNC1ytrqdwxU7kcaJEPOFfC XIdKfXw9AQll620qPFmVIPH5qfoZzjk4iTH06Yiq7PI4OgDis6bZKHKyyzFisOkh DXiTuuDnzgcu0U4gzL+bkxJ2QRdiyZdKJJMswbm5JDpX6PLsrzPmN314lKIHQx3t NNXkbfHL/PxuoUtWLKg7/I3PNnOgNnDqCgqpHJuhU1AZeIkvewHsYu+urT67tnpJ AK1Z4CgRxpgbYA4YEV1rWVAPHX1u1okcg85rc5FHK8zh46zQY1wzUTWubAcxqp9K 1IqjXDDkMgIX2Z2fOA1plJSwugUCbFjn4sbT0t0YuiEFMPMB42ZCjcCyA1yysfAd DYAmSer1bq47tyTFQwP+2ZnvW/9p3yJ4oYWzwMzadR3T0K4sgXRC2Us9nPL9k2K5 TRwZ07wE2CyMpUv+hZ4ja13A/1ynJZDZGKys+pmBNrO6abxTGohM8LIWjS+YBPIq trxh8jxzgLazKvMGmaA6KaOGwS8vhfPfxZsu2TJaRPrZMa/HpZ2aEHwxXRy4nm9G Kx1eFNJO6Ues5T7KlRtl8gflI5wZCCD/4T5rto3SfG0s0jr3iAVb3NCn9Q73kiph PSwHuRxcm+hWNszjJg3/W+Fr8fdXAh5i0JzMNscuFAQNHgfhLigenq+BpCnZzXya 01kqX24AdoSIbH++vvgE0Bjj6mzuRrH5VJ1Qg9nQ+yMjBWZADljtp3CARUbNkiIg tUJ8IJHCGVwXZBqY4qeJc3h/RiwWM2UIFfBZ+E06QPznmVLSkwvvop3zkr4eYNez cIKUju8vRdW6sxaaxC/GECDlP0Wo6lH0uChpE3NJ1daoXIeymajmYxNt+drz7+pd jMqjDtNA2rgUrjptUgJK8ZLdOQ4WCrPY5pP9ZXAO7+mK7S3u9CTywSJmQpypd8hv 8Bu8jKZdoxOJXxj8CphK951eNOLYxTOxBUNB8J2lgKbmLIyPvBvbS1l1lCM5oHlw WXGlp70pspj3kaX4mOiFaWMKHhOLb+er8yh8jspM184= =5a6T -----END PGP PUBLIC KEY BLOCK----- *Accountable America* *www.AccountableAmerica.org* <http://www.accountableamerica.org/> For Immediate Release Contacts: In Washington: Trevor FitzGibbon April 29th, 2010 Ph: 202-406-0646 *Financial Crisis Inquiry Commission Right To Put Christopher Cox Under Oath * *Statement by Accountable America Chairman Tom Matzzie* The announcement today that former Securities and Exchange Commission Chair Christopher Cox will testify May 5 in front of the Financial Crisis Inquiry Commission is welcome news. Accountable America first called for Cox to testify or be subpoenaed by the FCIC last September. Cox failed completely to protect investors during the worst financial crisis since the Great Depression. He owns a chunk of the blame even though there were larger systematic problems. The truth is that Christopher Cox was ill suited for the post of SEC Chair from the start—like so many other Bush appointees. Cox was ideologically opposed to the type of regulation and oversight the SEC is charged with conducting. As a member of Congress he raised more than $1,297,9661 from Wall Street, including banks and financial, insurance firms. Did anybody think Cox forgot who was buttering his bread? Or maybe George W. Bush was expecting that he didn’t forget? Cox’s tenure at the SEC was marked by one trait: no protection for the small investor. Among other things, - The Cox SEC failed to recognize Bernard Madoff’s massive securities fraud despite repeated warnings. - Cox failed to enforce accounting standards. The SEC had authority over the financial statements over all public companies and can set its own accounting standards if needed. - Cox failed to supervise the rating agencies. The Credit Rating Agency Reform Act of 2006 gives the SEC the right to suspend or revoke the license of any rating agency. The SEC was their only regulator. - Cox declined to protect the SEC’s authority by appealing a court ruling regarding hedge funds—sending a clear signal that the SEC wasn’t going to be very active during his tenure. - Cox didn’t move quickly to appropriately curb short sellers early in the crisis. - Cox did nothing about Credit Default Swaps—only making remarks after it was clear they posed a massive threat. - Cox was reassuring the public about Bear Stearns only days before its dramatic collapse yet the agency had failed to adequately supervise Bear and limit risk, according to an Inspector General’s report. At the time, it was reported that Cox failed to attend meetings and phone calls regarding the failing firm. - The Government Accountability Office (GAO) repeated that Cox’s SEC slowed, hindered and hobbled investigations and enforcement, noting that, Cox’s policies, “contributed to an adversarial relationship between enforcement and the Commission.” - Cox cut transparency inside the SEC—barring enforcement personnel at the SEC from more than 40 percent of the meetings considering sanctions or legal actions. - Cox undercut morale deeply at the SEC. At one point in his tenure the Bush Treasury Department proposed abolishing the SEC—Cox failed to quickly protest the idea leaving many to think he supported it. Cox has a lot to account for in front of the Financial Crisis Inquiry Commission. It will be a hearing worth watching. ### i: OpenSecrets.org. Center for Responsive Politics. Aggregate of career contributions from the following sectors: Finance, Insurance & Real Estate. http://www.opensecrets.org/politicians/industries.php?cycle=Career&type=I&cid=N00007124&newMem=N&recs=20 On Thu, Apr 29, 2010 at 1:46 PM, Lauren Weiner < [email protected]> wrote: > > > > ------------------------------ > > *From:* Tucker Warren [mailto:[email protected]] > *Sent:* Thursday, April 29, 2010 1:29 PM > *To:* Tucker Warren > *Subject:* FCIC Announces Details for Next Public Hearing > > > > *Media Advisory* > > * * > > *For Immediate > Release > Media Inquiries:*** > > *April 29, > 2010 > Tucker Warren 202-292-1346* > > * > *[email protected]* * > > * * > > *Financial Crisis Inquiry Commission * > > *Announces Details for Next Public Hearing*** > > * * > > *(Washington, DC) – Today the *Financial Crisis Inquiry Commission (FCIC) > announced details for the Commission’s next public hearing titled “The > Shadow Banking System” – the system of bank-like financial institutions and > markets operating outside of the regulatory structure for traditional > banking activities. > > > > *When: *Wednesday, May 5, 2010, 9am EDT > > Thursday, May 6, 2010, 9am EDT > > > > *Where: *Dirksen Senate Office Building, Room 538, Washington DC > > > > ****Media: If you are planning to attend, please RSVP to [email protected] Monday, May 3. Media credentials will be required to attend and can be > obtained through the Senate press gallery. Due to limited space, a pool of > convenience for cameras is requested. No other stationary cameras will be > allowed inside the hearing room. T*he hearing will be webcast live at > FCIC.gov <http://www.fcic.gov/>.* > > * * > > *Day One – Wednesday, May 5*** > > * * > > *Session 1: Investment Banks and the Shadow Banking System * > > *Paul Friedman*, former Chief Operating Officer of Fixed Income > > Bear Stearns > > *Samuel Molinaro, Jr.*, former Chief Financial Officer and Chief Operating > Officer > > Bear Stearns > > *Warren Spector*, former President and Co-Chief Operating Officer > > Bear Stearns > > > > *Session 2: Investment Banks and the Shadow Banking System * > > *James E. Cayne*, former Chairman and Chief Executive Officer > Bear Stearns > > *Alan D. Schwartz*, former Chief Executive Officer > > Bear Stearns > > > > *Session 3: SEC Regulation of Investment Banks *** > > *Charles Christopher Cox*, former Chairman > > *U.S.** Securities and Exchange Commission* > > *William H. Donaldson*, former Chairman > > *U.S.** Securities and Exchange Commission* > > *H. David Kotz*, Inspector General > > *U.S.** Securities and Exchange Commission* > > *Erik R. Sirri*, former Director Division of Trading & Markets > > U.S. Securities and Exchange Commission > > * * > > *Day Two – Thursday, May 6* > > * * > > *Session 1: Perspective on the Shadow Banking System * > > *Henry M. Paulson, Jr.*, former Secretary > > U.S. Department of the Treasury > > > > *Session 2: Perspective on the Shadow Banking System* > > *Timothy F. Geithner*, Secretary, U.S. Department of the Treasury; former > President, > > Federal Reserve Bank of New York > > > > *Session 3: Institutions Participating in the Shadow Banking System* > > *Michael A. Neal*, Vice Chairman, GE and Chairman and Chief Executive > Officer > > GE Capital > > *Mark S. Barber*, Vice President and Assistant Treasurer > > GE Capital > > *Paul A. McCulley*, Managing Director > > PIMCO* * > > *Steven R. Meier*, Chief Investment Officer > > State Street > > * * > > *###* > > * * > > *About the Financial Crisis Inquiry Commission (FCIC)* > > The bi-partisan 10-member Financial Crisis Inquiry Commission was created > by Congress and is charged with examining the causes of the financial > meltdown. It is also examining causes of the collapse of major financial > institutions that failed or would likely have failed had they not received > exceptional government assistance. *As part of its inquiry, the Commission > will hold a series of public hearings throughout the year including, but not > limited to, the following topics: avoiding future catastrophe, complex > financial derivatives, credit rating agencies, excess risk and financial > speculation, government-sponsored enterprises, the shadow banking system, > subprime lending practices and securitization, and too big to fail*.* *The > Commission is comprised of Chairman Phil Angelides, Vice Chairman Bill > Thomas, and Commissioners Brooksley Born, Byron Georgiou, Robert Graham, > Keith Hennessey, Doug Holtz-Eakin, Heather Murren, John W. Thompson, and > Peter Wallison. Findings and conclusions are to be presented in a formal > report to Congress and the President by December 15, 2010. For more, visit > FCIC.gov <http://www.fcic.gov/>. > > > > > > Tucker Warren > > Communications Deputy > > Financial Crisis Inquiry Commission > > Phone: 202-292-1346 > > Mobile: 202-507-3237 > > > > This email and its attachments may contain privileged and/or confidential > materials and is intended solely for the use of the addressee. If you are > not the intended recipient, it is prohibited that you use or disseminate any > information found in the email or its attachments. Please delete all copies > of it and its attachments and notify the Financial Crisis Inquiry Commission > at 202-292-2799 immediately that you received this email in error. Although > we attempt to sweep e-mail and attachments for viruses and spyware, we do > not guarantee that either are virus-free or spyware-free and accept no > liability for any damage sustained as a result of viruses or spyware. > > -- > Fan us and promote us on Facebook: > http://www.facebook.com/AmericansforFinancialReform?ref=ts > > Follow and Retweet us on Twitter: > http://twitter.com/finanreformnow > > Sign and publicize our petition on Change.org: > http://www.change.org/affil/petitions/view/hold_big_banks_accountable > > > You received this message because you are subscribed to the Google > Groups "realbankreform" group. > To post to this group, send email to [email protected] > To unsubscribe from this group, send email to > [email protected]<realbankreform%[email protected]> > For more options, visit this group at > http://groups.google.com/group/realbankreform?hl=en > -- You received this message because you are subscribed to the "big campaign" group. To post to this group, send to [email protected] To unsubscribe, send email to [email protected] E-mail [email protected] with questions or concerns This is a list of individuals. It is not affiliated with any group or organization.