PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	7/16/2002 11:37:02 AM
From: Baldur Fjvlnisson	of 769670

Idiots and always behind the curve, part #8748: Back in 2001, President Bush actually advocated cutting the SEC staff. This is how the AP reported that: "President Bush's [2002] budget proposes staff reductions in securities fraud investigations and enforcement even as the Securities and Exchange Commission acknowledges that the jumpy stock market brings more opportunities for abuse." "SEC attorneys will be limited in their ability to cope with securities fraud on the Internet...The SEC budget proposal, the first since Bush took office, also includes staff reductions in inspections of mutual funds, now owned by 49 percent of all U.S. households..."

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