Why’s former chairman of the SEC Christopher Cox who was in charge of the housing market and stock market MIA?
Chris Cox, appointed by Bush to head the SEC and was in charge of Fannie Mae/Freddie Mac, and regulating the stock market and housing market – after the economy got screwed up thanks to his hand in it, he ended his tenure prematurely as soon as Obama took office he resigned on January 20 and has disappeared, has not been in the news, questioned, nothing!!! Is he hiding in one of Cheney’s hideouts, and needs to get fumigated?
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Here are some facts for you ponder……
In late 2004, the leadership of the Federal National Mortgage Association (FNMA or Fannie Mae) was accused of having engaged in a series of questionable accounting practices that led to an overstatement of its earnings and an understatement of its risk. Although Fannie Mae’s top officers denied the accusations, a careful review by the U.S. Securities and Exchange Commission confirmed the allegations. Within a few weeks, Fannie Mae conceded the charges and its top officers were forced to resign. Any doubts about the seriousness of the company’s shaky finances were laid to rest on January 19, 2005, when Fannie Mae cut its dividend in half to bolster its cash reserves.
Christopher Cox was the 28th Chairman of the Securities and Exchange Commission. He was appointed by President Bush on June 2, 2005, and unanimously confirmed by the Senate on July 29, 2005. He was sworn in on August 3, 2005
As you can see Fannie Mae/Freddie Mac were in trouble b-4 He was appointed by President Bush.
I hope it helps in your search for truth.
Independent
A:~)