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...head - but McCain's sentiment was nothing new. For months, calls for the SEC to do something more in the financial markets has been heard all over, from Congress, a midtown Manhattan law firm, the Secretary of the Commonwealth of Massachusetts, cable TV business news and former SEC commissioners. But is all the criticism being hurled at Cox, a corporate lawyer who served in the Reagan White House and as a Congressman from Orange Co., Calif. for 17 years before being plucked to run the SEC in 2005, justified...
In the pro-deregulation ethos that dominated Washington over past two decades, there was little appetite for adding powers to an agency like the SEC: In 1998, when the Commodity Futures Trading Commission proposed regulating the burgeoning derivatives market, the banking lobby, with some help from hedge funds and investment...
But is Cox the one person, above all others, to spend time pointing fingers at? "I don't think the commission has done as strong a job as it should have, but it wasn't asleep at the wheel," says Joel Seligman, president of the University of Rochester and an...
An easy way of summing up Kim's life in one sentence would be to throw in the words reportedly, allegedly and the occasional is said to. So little is known for sure about him - and so widespread are the myths about him generated by Pyongyang's tireless propaganda machine...
Saturday's decision also diminishes chances that the controversial 1990s arms deal over which Zuma has faced charges, will ever be properly investigated - although its corrosive legacy will live on. In his ruling last week, Judge Nicholson called for a commission of inquiry "to rid our land of this cancer...