Angry Cox Expects SEC to Grow, Not Die

Indeed, Cox said in the memo, "I believe that the U.S. handling of Bear was a model of cooperation among the Fed, the Treasury, and the SEC. Bear's acquisition was financed exceptionally quickly with the SEC agreeing to smartly execute the necessary SEC regulatory approvals. Had we attempted simultaneously to lead the transactional negotiations, the deal might not have closed in time."

Cox added: "This work involves just about every Division and Office of the SEC. You can be proud of this effort. I know I am."

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