6.04.2005
Bush S.E.C. Pick Is Seen as Friend to Corporations (NYTimes.com)
By STEPHEN LABATON
Published: June 3, 2005
WASHINGTON, June 2 - In Republican and business circles, William H. Donaldson has been viewed as the David Souter of the Securities and Exchange Commission, a disappointingly independent choice who sided too frequently with the Democrats.
Donaldson's record from across the business spectrum, responded on Thursday by nominating Representative Christopher Cox, a conservative Republican from California, as a successor whose loyalties seem clear. And unlike the Supreme Court, where Justice Souter has a lifetime appointment, the S.E.C. provides the White House with an immediate opportunity to tip the balance of the five-person commission in a more favorable direction.
Mr. Cox - a devoted student of Ayn Rand, the high priestess of unfettered capitalism - has a long record in the House of promoting the agenda of business interests that are a cornerstone of the Republican Party's political and financial support.
(More ... Bush S.E.C. Pick Is Seen as Friend to Corporations - New York Times) ¶ 11:12
Published: June 3, 2005
WASHINGTON, June 2 - In Republican and business circles, William H. Donaldson has been viewed as the David Souter of the Securities and Exchange Commission, a disappointingly independent choice who sided too frequently with the Democrats.
Donaldson's record from across the business spectrum, responded on Thursday by nominating Representative Christopher Cox, a conservative Republican from California, as a successor whose loyalties seem clear. And unlike the Supreme Court, where Justice Souter has a lifetime appointment, the S.E.C. provides the White House with an immediate opportunity to tip the balance of the five-person commission in a more favorable direction.
Mr. Cox - a devoted student of Ayn Rand, the high priestess of unfettered capitalism - has a long record in the House of promoting the agenda of business interests that are a cornerstone of the Republican Party's political and financial support.
(More ... Bush S.E.C. Pick Is Seen as Friend to Corporations - New York Times) ¶ 11:12
