SEC Chairman Recuses Himself from Frist Probe
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The Securities and Exchange Commission has announced that its Chairman, Christopher Cox, will recuse himself from the regulatory agency's investigation into the sale of $112 million of stock by the supposedly "blind trust" of Senate Majority Leader Bill Frist:
Funny how we Wall Streeters "just get it" when it comes to conflicts of interest and the appearance of impropriety, while people hailing from "nobler" professions such as medicine apparently don't.
Remind me again how we Wall Streeters are all greedy, unethical parasites?
"Because of my service in the congressional leadership for the last 10 years, I have recused myself in this matter," he said.Here's the interesting thing: before Cox ran for Congress, he was a long-time Wall Street lawyer — a venture capital specialist with Latham & Watkins.
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"The purpose of the recusal is to avoid any appearance of impropriety in the commission's consideration of this case," said Cox...
Funny how we Wall Streeters "just get it" when it comes to conflicts of interest and the appearance of impropriety, while people hailing from "nobler" professions such as medicine apparently don't.
Remind me again how we Wall Streeters are all greedy, unethical parasites?
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Posted by KipEsquire on
26 September 2005
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