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Cox for Attorney General?
Posted by Tim Reason | CFO.com | US
August 27, 2007 2:29 PM ET

We've mentioned before in this space before that Chris Cox is a potential successor to Alberto Gonzalez (although honesty demands we admit that we more frequently pegged Cox as running for president).

Now the New York Times also says Cox is a potential successor (and, we might add, probably more politically palatable to the nation than Homeland Security secretary Michael Chertoff, who the Times mentions first).

So, what would a promotion for Cox to Attorney General mean, other than creating another setback for champions of XBRL?

No doubt Cox would be grilled in his confirmation hearing about why he and the Department of Justice were on opposite sides of the fence over the Stoneridge case — though it would probably be a relief for Cox to go back to his anti-plaintiff's-lawyer roots.

It's interesting to note that the Times also suggests as a possible candidate former deputy attorney general Larry Thompson, namesake of the infamous Thompson Memo. That makes one wonder where Cox would stand on the carrot-and-stick process of encouraging corporate cooperation with criminal investigations.

What else would Cox bring to the DOJ? We'll just have to wait and see. Unfortunately for him (but entertaining if you occasionally cover financial wrongdoers), prison records are already interactive.

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