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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (94120)7/13/2002 3:04:54 PM
From: mishedlo  Read Replies (2) of 99280
 
Bush's fox in the henhouse

The latest from the Washington Post....President Bush's top official on corporate crime and responsibility was a director of a credit card company that paid more than $400 million to settle allegations of consumer and securities fraud.

....Thompson sold all his stock -- worth nearly $5 million -- in Providian after his confirmation to comply with ethics rules. The sale came a few months before Providian began to disclose looming problems with defaults in its credit card portfolio, problems that led to a collapse of its stock price and the layoffs of thousands of employees.

washingtonpost.com
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