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To: Dale Baker who wrote (30513)	7/13/2002 10:38:54 AM
From: Dale Baker	Respond to of 118717

The crap storm just doesn't end: By Anitha Reddy Washington Post Staff Writer Saturday, July 13, 2002; Page A01 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. Larry D. Thompson, deputy attorney general and head of a new multi-agency corporate-crime task force, was a Providian Financial Corp. board member and chairman of its audit and compliance committee from June 1997 until his unanimous confirmation by the Senate on May 10, 2001. 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.