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October 19, 2002

Unbelievable! Bush Wants SEC Funding Cut

Once again, Bush is using "security needs" to justify protecting his corporate buddies. Now he wants a 27% cut in the SEC funding than the recently passed legislation mandated.

Even Harvey Pitt admits this will undermine the agency: "Harvey L. Pitt, the commission's chairman, has acknowledged through a spokesman that the administration's level of financing will not allow it to undertake important initiatives."

Posted by Nathan at October 19, 2002 07:33 AM

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