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Pitt's Latest Liberal Critic

Traders Magazine, August 2002

Gregory Bresiger

Common Cause, a liberal lobbying group based in Washington, questions if SEC Chairman Harvey Pitt can run the agency in a fair and open manner. And the group, at its Web site, has recently published a collection of quotes from Pitt. These comments demonstrated that Pitt has been compromised because of prior links to the accounting and securities industries, according to Common Cause officials. Among them are quotes attributed to him in The New York Times on July 18. "This will probably sound self-serving," Pitt told the Times, "but the fact is that it is an enormous advantage to the public to have somebody who knows about the securities business and the securities laws as I do, and it would be unthinkable to deprive people of my expertise."

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