Cox discloses financial records

[question everything]

Wednesday, July 13, 2005

Cox discloses financial records

Bush's nominee for SEC chairman lists assets at between $2.7 million and $11.4 million.

By DENA BUNIS
The Orange County Register

WASHINGTON – Rep. Christopher Cox's personal net worth appears to have grown dramatically in just one year, based on financial-disclosure forms released Tuesday by the Bush administration.

As part of his confirmation process as the Securities and Exchange Commission chairman designee, Cox was required to complete disclosure forms that were sent to the Banking Committee last Friday. The committee is expected to schedule Cox's confirmation hearing soon.

When compared with the last congressional forms he filed - for 2003 - Cox's net worth has ballooned from between $1 million and $3 million to between $2.7 million and $11.4 million. It's impossible to determine exactly what the Newport Beach Republican is worth because these forms provide ranges for members of Congress and administration officials to express their financial assets. Cox had been scheduled to report his 2004 income in May to the House, but he received an extension. Historically, Cox has maintained a conservative portfolio, consisting mostly of money market and U.S. stock index and mutual funds.

But the report released Tuesday shows several major stock acquisitions, including more than $250,000 of Coca-Cola Co. stock and at least that same amount in Newmont Mining Corp. His portfolio now also includes hundreds of thousands of dollars of investments in gold.

The report also shows an undisclosed amount of Continental Airlines Inc. stock. Cox's wife, Rebecca, is a lobbyist and vice president for the airline, and the form did not require disclosing investments solely in her name.

(snip)

http://www.ocregister.com/ocr/2005/07/13/sections/business/business/article_594459.php

[peacetalksforall]

1. Folks, this is where the secret sub-government funds go to - pay offs for

legislative favors and was he ever a favorite and did he ever turn out the favors. Typical case book example.

On top of that they went after Daschle because his wife was a lobbyist for American Airlines.

So we have Mrs Cox - lobbyist for Contintental. Now, did you ever hear the right wing or the right wing media or any Republican mentioning that?

Let's see...I wonder if Continental got any favors during the time Cox was in the Senate? (At least one of their a/c wasn't flown into anything.)

If someone writes up a case study excercise for their political science students, ask them to research when a legislator or senator decides to retire to get their payback, if they are the taking back kind.