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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (4229)	7/7/2002 2:48:03 PM
From: Raymond Duray	Respond to of 5185

DASCHLE: PITT MUST GO -"cozy permissive relationship" with crooks cited abcnews.go.com Daschle Says SEC Chairman Harvey Pitt Should Go July 7 — By Lori Santos WASHINGTON (Reuters) - Accusing the Bush administration of a "cozy, permissive relationship" with corporate America, Senate Majority Leader Tom Daschle said on Sunday the chairman of the Securities and Exchange Commission was largely responsible and should be replaced. Daschle faulted Chairman Harvey Pitt for having "too cozy a relationship" with those his agency regulates, including meeting with accountants he used to represent "on many occasions before issuing regulation." Asked on CBS' "Face the Nation" if he thought Pitt should leave the SEC, the top U.S. markets regulator, Daschle said, "That is an issue that I think we are going to want to explore a little more carefully." "I have to say that at this point, we could do a lot better than Harvey Pitt in that position today. That cozy permissive relationship has to end and he in large measure has orchestrated that over the last 18 months."