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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, 2007, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

L.A. Times: Is Cox Just Right Or Too Nice To Business?
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Posted by: Jack Ciesielski 7/26/2005 5:57 AM
Good article this morning in the LA Times on SEC Chairman nominee Christopher Cox - pretty neutral, really, more or less a biography piece.

Cox's confirmation hearing is today, so we'll be hearing plenty more about his history - and projections about his future actions - once he's confirmed as chairman. As noted before in this space, he will be the most aggressively observed - and lobbied - chairman in SEC history. You've got special interest types like the U.S. Chamber of Commerce already calling for him to roll back regulations - especially any having to do with stock options. There are his California bonds with folks like David Dreier. And because of his ties to Silicon Valley through the law firm of Latham & Watkins, and his three-time record in proposing or sponsoring FASB-blocking legislation, he's also the subject of much trepidation, like this. Can't really blame Professor Ketz for feeling that way, either.

What are we going to get? I have no better idea than anyone else. I don't care for the man's legislative record one whit, but I have to admire his intellect and guts. I believe that when persons are put in the role that he's going to occupy, they can surprise onlookers with their fairness and their ability to put their past aside. And that's what I'm hoping for. He's innocent until proven guilty - and he's going to have plenty of chances to prove innocence or guilt.
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