Investors beware. President Bush has nominated a Republican congressman from California, Christopher Cox, to replace William Donaldson as chairman of the Security and Exchange Commission. Cox is a pro-business member of Congress who believes too much regulation is harmful to the interests of our nation and the interests of business.
Donaldson had supposedly angered business interests with his strict enforcement of the stiffer regulations put in place after the corporate scandals of Enron and WorldCom.
With the confirmation of Cox as the new SEC chairman, it will be back to unchecked corporate greed.
-Rob Robinson,
Des Moines.
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