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Monday, July 08, 2002

Pitt Should Resign

by: Tony Pennino

Senator John McCain (R-AR) is calling for the resignation of SEC Chairman Harvey Pitt in an editorial the former penned for The New York Times.

McCain states, "While Mr. Pitt may be a fine man, he has appeared slow and tepid in addressing accounting abuses, and concerns remain that he has not distanced himself enough from former clients."

The senator also is also calling for renewed regulation for Wall Street. 

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