Christopher Cox, Esq., Chairman of the Securities and Exchange Commission, in a letter to Nout Wellink, of the (world central) Bank for International Settlements, claims that the collapse of Bear Stearns investment bank was because of a lack of confidence, and not a lack of liquidity.

       NOTE: As an attorney (Officer of the Court) Cox was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].

       [restored 6/28/2024] Thanks to Freedom’s Phoenix for this entry.