"Harvey Pitt (b. Brooklyn, New York, February 28, 1945) was the 26th chairman of theU.S. Securities and Exchange Commission (SEC), serving from 2001-2003. He led the SEC in restoring the U.S. securities markets to full operations after the terrorist attacks of September 11, 2001, instituted a policy of "real time enforcement" to make the SEC's enforcement efforts more effective, and led the SEC in the adoption of dozens of rules to implement the Sarbanes-Oxley Act…
...Pitt became the target of criticism when the Enron scandal broke out on his watch. Democrats alleged that he was too close to the accounting industry [2] and that he subverted efforts to tighten regulation in the wake of the Enron scandal and other cases of corporate malfeasance. Pitt resigned after attempting to appoint a board member (William Hedgcock Webster - former FBI and CIA Director) from a company under SEC investigation to head a commission overseeing the accounting industry. The GAO later cleared Pitt. [3]
Pitt was involved in helping various short-sellers actively prevent banks from helping homeowners avoid foreclosure, so that the short-sellers could profit from the housing crash. [4][5][6]"
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