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San Diego attorney Gary Aguirre has won a major battle in a lawsuit against his former employer, the Securities and Exchange Commission (SEC). While working at the agency, Aguirre thought there was good reason to look into John Mack, head of one of Wall Street's biggest firms, Morgan Stanley, and a fundraiser for George W. Bush. A hedge fund had made a bundle of money by betting on an acquisition that came to pass. Aguirre had good reason to believe that Mack may have tipped the hedge fund to the deal. But his bosses told him that Mack had "clout." Aguirre was fired and took his case to the Senate Committee on Finance and also the Committee on the Judiciary. The two committees did an exhaustive study and concluded that Aguirre was fired unjustly. There was good reason to interview Mack. Aguirre then sued the SEC, claiming, among other things, that he was fired for being a whistleblower. He asked for a number of documents from the agency. It withheld many and redacted large portions of others. He took the SEC to court on the refusals to produce documents and in late April won on most of his points in US district court in Washington, D.C. Documents showing how the SEC protects the superrich should be made public. Gary Aguirre is the brother of City Attorney Mike Aguirre.

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Comments

JohnnyVegas May 1, 2008 @ 11:48 a.m.

This Administration is the most political in history-not that Clinton and the ones before him were saints by any stretch of the imagination (think travelgate and the like) but Bushie has taken politics in the Executive branch to a whole new, and very disturbing, level.

It reflects a break down in the nation as a whole. The rich are not subject to the same laws as everyone else.

When a person like Bush can be elected to the presidency and get away with the nonsense he has, unchallenged by anyone including the Democrats, then the nation has failed to a large degree. It also puts the nation at risk for self-disintegration.

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Anon92107 May 1, 2008 @ 12:08 p.m.

Response to post #1:

Right on JV, BUT we must never forget that Clinton's abominable behavior enabled Bush-Cheney to win in 2000 by handing the religious right their golden opportunity to be more hypocritical than ever before and get away with it.

So Clinton is most certainly partly responsible for "Bushie has taken politics in the Executive branch to a whole new, and very disturbing, level." Sure wish Hillary could have given him a good reason to be in bed when the 3AM call came through that agents had Osama bin Laden in their bombsights.

But then We The People/lemmings re-elected Bush-Cheney, which indeed "puts the nation at risk for self-disintegration."

American Democracy has turned into worst-case scenario Trial and Error Government and the Errors have created a tsunami from hell.

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Don Bauder May 1, 2008 @ 12:14 p.m.

Response to post #1: I agree. Rove, the great manipulator, had inordinate power while serving Bush, and probably still does. When choosing a course of action, the Bush administration only considers political ramifications. I can't remember an action taken because it was the right thing to do. Remember, Bush himself was a beneficiary of the SEC giving a free pass to the well-connected. The agency had him cold on market offenses while his Daddy was president. He got off. I wrote about that years ago. Best, Don Bauder

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Don Bauder May 1, 2008 @ 12:18 p.m.

Response to post #2: Hillary and Bill sleep in different beds in different rooms. Which one would pick up the phone at 3 a.m. is a good question. Best, Don Bauder

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Joe Poutous May 1, 2008 @ 1:18 p.m.

"When choosing a course of action, the Bush administration only considers political ramifications"

Don't forget the financial ramifications for the huge corporate machine that put Bush in office. We didn't invade Iraq for oil, we invaded Iraq to raise the price of oil.

  • Joe
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Don Bauder May 1, 2008 @ 4 p.m.

Response to post #5: You are correct. Corporate profits, particularly for the favored few such as Halliburton and oil companies, also play a big role in Bush decisions. Best, Don Bauder

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