At my office in San Diego, we have a print subscription to the local business/legal newspaper, The Daily Transcript. I usually scan the classifieds for the Notices of Trustee's Sales, but today, I did a double take when I saw this headline.
Former SEC boss Cox pushes for fiscal reform
That's right. Former SEC Chairman Christopher "Asleep at the Controls" Cox NOW wants regulation. I'm glad I wasn't drinking my tea or I'd have done a spit take.
Unfortunately, the article requires an online subscription. I don't want to be violating any fair use rules, but I feel compelled to comment on some of Mr. Cox's points.
"There is an extraordinary atmosphere of permissiveness in Washington" Cox told a room of nearly 500 venture capitalists at the the San Diego Venture Group's annual Venture Summit at the Hilton Bayfront.
Hey Chris, how's that Madoff investigation going? Oh yeah; nevermind.
"Changing tax rates is, after all, far less intrusive and far less expensive than the trillions in bailout and stimulus," he said.
That point is debatable, as is the wisdom of getting advice on how to put out a fire from an arsonist.
On the subject of financial system regulation Cox was clear: He wants to see better regulation rather than more regulation.
You know, Chris, it doesn't really matter what regulations you have if you don't enforce them.
It's just amazing how much of this Conservative image remake stuff is going on now, isnn't it? I figured that this one example would be enough for the Daily Transcript for one day, but no. The paper felt the need to double down with a column from that captain of industry, Michelle Malkin, in which she rails against NBC News' hypocricy in investigative journalism. I'm surprised she found the time, what with her busy schedule peeping into sick childrens' windows.