Chris[topher] Cox Images SEC Chairman during the Bush MIS-administration an under-regulator

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INTRODUCTION: Below are images that capture some of the 'lowlights' of the Chris Cox years in the George W. Bush MIS-administration, which ran from Jan 2001 to Jan 2009. Cox's devotion to 'no regulation' is a major cause of the Great Recession, worldwide. For MORE Images and Data: For more images (and data) for this wing, see the WEB SEARCHES section below. Those searches may suffice in case I never return to add to the pictures on this page.

Cox testifying before Congress, Sep-Nov 2008,
usually with Paulson & Bernanke :

Cox think:
"Maybe if I be real quiet, they won't call on me.
Paulson will talk their ear off and not say anything."

The keeping quiet strategy is working.

I guess I am going to have to say something after all.

I'll distract them from my regulatory failings by talking
about the 2002 Sarbanes-Oxley regulations
--- which I never wanted to enforce.
[and which in no way would have prevented
the destructive toxic mortgage bundles.]

When Cox mentioned that he did not have a
large enough budget to staff the SEC
regulatory functions adequately, a Congressman
lit into him asking him why he did not
come to Congress asking for more money.

(Of course, the Congress should talk.
While all the financial monkey business was
going on during 2001 to 2008, the House
"Oversight and Government Reform" Committee,
chaired by California Democrat Waxman, was holding
hearings, around Feb 2008, on steroid use in baseball,
instead of doing proper oversight of the financial industry
and the SEC, Federal Reserve, & Treasury Departments.)

Greenspan, Alan = Fed Chairman
Snow = Press Secretary

Let the financial industry regulate itself.
It's the neo-con (neo-conservative) way.
Those CEO's won't be tempted by those
billions of dollars. Not at all. All honorable men.

Of course, when you look at sports --- football,
basketball, baseball, soccer, tennis, you-name-it
--- there are rules, and referees & umpires
to enforce those rules. If there were no rules
or referees, the result would be chaos ---
which happens occasionally anyway.

Riddle:
What sport is the most like the U.S. financial industry?

Answer:
Professional wrestling. Very few rules ; seldom enforced.
A close second is hockey --- ice hockey, not field hockey.

This is the neo-con way to fund the SEC.

It's a good thing there weren't any
new happenings in the financial
industry during 2001 to 2008,
while the SEC was taking a nap.
(sarcasm)

A painting of the ex-stock-exchange chairman,
Richard (the Dick) Grasso,
who felt he was doing $140 million of work per year.
(He insisted on being paid $140 million per year.)
It seems the artist has captured the essense of the man.

As it turns out, this man probably did way more damage.

WEB SEARCHES for MORE 'CHRIS COX' IMAGES --- and for MORE INFORMATION on the subject: It may be a long time (years or never) before I get back to this page to add more images, so here are some links to WEB SEARCHES for more images and info. WEB SEARCH on keywords political cartoons chris cox sec WEB SEARCH on keywords images chris cox sec humorous funny comical WEB SEARCH on keywords chris cox sec oversight banks Also, you can go to suitable Wikipedia pages and follow links from there, such as Wikipedia - 'Christopher Cox#Response to the beginning of the 2008 U.S. recession' Wikipedia - 'U.S. Securities and Exchange Commission#Operations' Wikipedia - 'Great Recession#Ineffective or inappropriate regulation' of 2008 and beyond Wikipedia - 'Dodd-Frank Wall Street Reform and Consumer Protection Act' of 2010 Wikipedia - 'Gramm-Leach-Bliley_Act' of 1999 repealed part of the Glass-Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. Wikipedia - 'List of members of the Securities and Exchange Commission#Bush_2' Wikipedia - 'List of presidents of the New York Stock Exchange' Here are sources of information on Cox, chairman of the SEC --- and an SEC commissioner (Atkins) --- and a NYSE chairman (Grasso) during the Bush administration (Wikipedia links): Chris Cox (SEC Chairman, Aug 2005 - Jan 2009) Paul Atkins (SEC Commissioner, Jul 2002 - Aug 2008) Richard Grasso (NYSE Chairman, 1995 - 2003 ; ousted over a $140 million pay package) You can follow the many links in these Wikipedia pages to find out more information on the governance of the SEC during the Bush years, and before. Here is a helpful New York Times article titled, "S.E.C. Eases Regulations on Business" (Dec 2006) --- describing new SEC rules under Cox.

Bottom of this Chris[topher] Cox Images page. To return to a previously visited web page location, click on the Back button of your web browser, a sufficient number of times. OR, use the History-list option of your web browser. OR ... < Go to Top of Page, above. > OR you can scroll up to the top of this page. Page history: Page was created 2009 Jan 30. Page was changed 2021 Jan 22. (Added css and javascript to try to handle text-size for smartphones, esp. in portrait orientation. Specified the width of images in proportion to the width of the browser window. Added WEB SEARCHES and Wikipedia links for more images and data.)