Corporate SWAT Team” Tainted head?
The task force head, Deputy Attorney General Larry Thompson, served in Providian-committee and was chairman of the audit and compliance by June 1997 and was amended by the Senate in May 2001, according to the Securities and Exchange Commission documents of the Post Office.
Mr. Bush was the Economic Crime Task Force Tuesday amid mounting corporate scandals. He has until July 19 Thompson on convening the first session. But in a surprise move, said the chairman of the first meeting on Friday, the White House.
During the meeting commenced, Thompson, after corporate criminals “with force and an aggressive manner.
Thompson sells all its shares in the Providian with a value of nearly U.S. $ 5 million after his confirmation in compliance with the rules of ethics. The sale came a few months ago Providian began to reveal the problems that emerge late in its portfolio of credit card problems, caused a collapse of its course and actions of dismissals of thousands of people, reports the Post Office.
Providian was one of the largest credit card companies in the “subprime”, which is aimed at people with low incomes and poor credit histories.
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