Admit it. There’s some part of you that wonders whether or not Chris Cox’s anti-naked shorting emergency order wasn’t an attempt to prove that he and his agency were not an irrelevant or superfluous sideshow to the Ben Bernanke-Hank Paulson big tent. His agency was in danger of being written out of the regulatory schema being promoted by Paulson and, less publicly, by Bernanke. Yesterday he showed the markets and lawmakers that the SEC still has some muscles to flex.
— Advertisement —
Comments (14)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
The fire built beneath Chris Cox was clearly enough to motivate the most stubborn of slugs into motion. Too bad that was what it took. Let’s see how long this burst of energy lasts. The new emergency rule is not designed to last too long.
Cox is like an 85 year old lady going 35 on the highway, in the left lane with the blinkers on.
u bastards don’t know what the pressure is like.
- Chris Cocks.
Bring back Harvey!
Chris Cox is a really smart man. He finished college in 3 years and then did a joint MBA/JD at Harvard in just four years. That program is hard to get into guys. Let’s respect the fact that he’s a brilliant character.
9:33….hysterical!
9:48 – I am here to tell you (and, some unkind souls might say, serve as a living example) that nobody can do more damage than a really smart person* operating under a dumb set of parameters. The prosecution offers Enron and LCTM as Exhibits A and B. If that does not suffice, additional exhibits can be presented as required.
M
*You’ll have to take my word for it.
@9:48 – Let’s also face the fact that he has been just about the most ineffective SEC chief of all time, and has accomplished nothing of significance in his tenure.
StMarc @ 10:27
Please do provide more examples before you dish Harvard types. And not just pathetic MBAs, but dual MBA/JDs.
You know what the acceptance rate of that is Marc?
@10:31 – you’re one of those kids who still brags about their SAT scores, right? Please grow up.
I like my free market regulators to do as little as possible.It saves the bother of cleaning up the mess they would create down the road.
@11:06
Yeah bitch, I got 1600s. You got a problem with that. Where did you go? Community college? Or are you happy with a GED?
@11:21 – nobody in the real world cares about your SAT scores. You will realize this once you apply for your first real job. In the meantime, have fun with freshman year!
Chris Cox has all the right credentials and not one ounce of what it takes to be a good enforcement chief, chiefly mental clarity about his goals and toughness. Frankly, judging on his performance yesterday, I don’t think he has mastered the legal concepts in the field. It’s hard to be an inspiring leader to other attorneys without doing that. It’s also hard to know what the hell you’re doing.
Cox’s academic achievements took place thirty years ago. A motivated undergrad can finish a B.A. in three years; and it’s commonly acknowledged that law school is two years of learning crammed into three. The first and second years are pretty lively, but the third year is infinitely boring, and most people have figured out how to survive the exams without a huge degree of effort. I can see combining a J.D./M.B.A. in four years. Of course, it took place at Harvard, so that makes it more special.
What did Cox do after all that academic achievement? He represented Orange County as a Republican Congressman. I’m not up on all the ins and outs of the lower levels of the Republican hierarchy, but I’d never heard of him until he got appointed to be the head of the SEC.
Your school is one thing, your record in life is another.