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General News    H4'ed 5/10/09

Press Buries the GAO's Damning Report on the SEC

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A General Accountability Office report on the SEC this week reported that former chairman Christopher Cox "created an atmosphere in which enforcement attorneys believed their ability to bring actions against corporate wrongdoers had been weakened" and the staff lacked in-house expertise on pretty much all the fancy financial instruments without which we would not have this crisis.
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At www.cjr.org
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