To: Raymond Duray who wrote (13692 ) 7/14/2002 1:24:16 AM From: ManyMoose Read Replies (3) | Respond to of 93284 As usual, you don't have a clue. But that's OK, because you are IGNORING the truth so it can't hurt you.the head of the new "taskforce" assigned by Bush channels.netscape.com WASHINGTON (Reuters) - The head of President George W. Bush's new corporate-crime task force served as a director at a credit-card company that paid more than $400 million to settle allegations of unfair and deceptive business practices, officials said on Saturday. But they said Deputy Attorney General Larry Thompson was unaware of problems at Providian Financial Corp. until they were unearthed by U.S. regulators, and he then played a lead role in pushing the company to recompense consumers. Thompson chaired the Providian board's audit and compliance committee until he took up his Justice Department post in May 2001. The previous year, the San Francisco-based company, under pressure from federal and state regulators, agreed to pay a total of $405 million to customers it allegedly bilked through hidden charges and deceptive sales practices. "As an outside director of Providian, he only became aware of the problems when the regulators began to make inquiries," Justice Department spokesman Mark Corallo told Reuters. "And as soon as he was aware of the issues, he personally took the lead in making the company do the right thing." The White House has likened the task force headed by Thompson to a SWAT team -- a type of special unit used by police forces to address acute threats. A recent slew of financial scandals in the United States has hurt investor confidence in publicly traded stocks and rocked markets around the world.