You are here
Former assistant housing secretary to speak at GATA''s Gold Rush 21
By Marcy Gordon
Associated Press
Tuesday, July 12, 2005
http://biz.yahoo.com/ap/050712/cox_confirmation.html?.v=4
WASHINGTON -- President Bush's choice to head the Securities and
Exchange Commission, Rep. Christopher Cox, has hundreds of thousands
of dollars in money-market and mutual funds and large holdings in
stocks, his financial report shows.
Bush last month selected Cox, a California Republican, to head the
SEC after the resignation of William Donaldson, whom Bush had
installed to help restore confidence in a stock market shaken by
corporate scandals.
In his financial disclosure report prepared for his Senate
confirmation hearing, which became available Tuesday, Cox lists
total holdings of between $565,004 and $1.15 million in stock of
Coca-Cola Co., Newmont Mining Corp., Continental Airlines Inc., and
Gold Fields Ltd. of South Africa.
His wife, Rebecca, is a lobbyist for Continental, the fifth-largest
U.S. carrier. The airline's chief executive officer told
shareholders at the annual meeting last month that their
relationship isn't expected to present any conflicts of interest
with Cox as SEC chairman.
Cox's report indicates that he does not intend to set up a blind
trust for his assets, apparently following advice from the SEC's
ethics office that he is not required under ethics rules to do so.
Cox spokesman James Freeman had no immediate comment. Members of the
SEC ethics office staff referred calls to agency spokesman John
Heine, who declined to comment.
The exact value of Cox's assets could not be determined from the
financial forms because they only require values to be provided in
ranges.
Cox would earn $142,500 a year as chairman of the market watchdog
agency if confirmed by the Senate as expected, compared with his
congressional salary of $162,100. He is the first member of Congress
to be nominated to head the 70-year-old SEC. Many of the previous
chairmen came from Wall Street, as did Donaldson, or were securities
lawyers.
Cox, 52, now chairman of the House Homeland Security Committee, has
been in Congress for 16 years. A graduate of both Harvard Law School
and Harvard Business School, he was a securities attorney before
becoming a lawmaker. In the House, Cox wrote legislation that made
it easier for companies to defend against some types of lawsuits by
shareholders.
Business interests, which had chafed at Donaldson's activist
regulatory stance, welcomed Cox's selection by Bush. Investor
advocates expressed concern.
Cox's largest financial backers during his congressional tenure
include law firms and big accounting firms. Securities and
investment firms have donated more than $254,000 to Cox, according
to the Center for Responsive Politics.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
http://www.goldpennystocks.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.interventionalanalysis.com
http://www.investmentindicators.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
http://www.blanchardonline.com
Centennial Precious Metals
3033 East First Ave., Suite 807
Denver, Colorado 80206
1-800-869-5115
http://www.USAGOLD.com
Michael Kosares, Proprietor
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
http://www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Gold & Silver Investments Ltd.
Mespil House
37 Adelaide Rd
Dublin 2
Ireland
+353 1 2315260/6
Fax: +353 1 2315202
http://www.goldinvestments.org
info@gold.ie
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
http://www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Lone Star Silver Exchange
1702 S. Highway 121
Suite 607-111
Lewisville, Texas 75067
214-632-8869
http://www.discountsilverclub.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
http://www.mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
The Moneychanger
Box 178
Westpoint, Tennessee 38486
http://www.the-moneychanger.com
Franklin Sanders
1-888-218-9226, 931-766-6066
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
http://www.gata.org/creditcard.html
By GoldMoney:
http://www.GoldMoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $1,000 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled GATA.
Donors of $200 or more will receive copies
of "The ABCs of Gold Investing" by Michael
Kosares, proprietor of Centennial Precious
Metals in Denver, Colorado, and "The Coming
Collapse of the Dollar" by James Turk and
John Rubino.
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
