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March 19, 2008

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Independent Accountant

Tom:
I have roasted the SEC with a fair degree of regularity at my blog. (www.skepticaltexascpa.blogspot.com) The Cox SEC is outrageous. It shows why you need "separation of duties", control over assets and accounting for them. The SEC has incompatible duties. How is Cox any better than say, Ken Lay who touted Enron, all the way down?
Martin Luther King had a dream. So do I, i.e., Bear's stockholders tell Helicopter Ben, Hank, "formerly" of Goldman Sachs (GS) Paulson, Robert "formerly" of GS and Treasury Rubin, Cox, et. al, hell no we won't go and force Bear into bankruptcy. What will Paulson, Rubin, Bernanke, Cox, et. al., do then?

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