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Cuban was taunted by SEC lawyer over anti-Bush film

7:04 PM, November 17, 2008

A bizarre twist in the Securities and Exchange Commission’s insider-trading case against Dallas Mavericks owner Mark Cuban: An agency lawyer appears to have taunted the billionaire in 2007 over what the lawyer perceived to be Cuban’s bias against President George Bush.

Markcuban2 Floyd Norris at the New York Times says on his blog that an SEC lawyer in the agency’s Fort Worth office sent Cuban an e-mail in May 2007, blasting him for supporting a documentary film titled "Loose Change."

The documentary asserts that the federal government planned and carried out the Sept. 11, 2001, attacks.

Norris prints the e-mail in the blog post, here, and poses the obvious question: Is Cuban "a victim of a political hit job because he helped finance a movie that was scathingly critical of President Bush?"

At a minimum, this will be an embarrassment for the SEC as it tries to prove that Cuban broke insider-trading rules. What was one of the agency’s lawyers doing, sending an e-mail with political overtones from an SEC address? Did he sleep through the law school lecture on common sense?

Photo: Mark Cuban (Lucy Nicholson / Reuters)

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Comments

>What was one of the agency’s lawyers doing, sending an e-mail with political
>overtones from an SEC address? Did he sleep through the law school lecture
>on common sense?

Common sense had nothing to do with it. The Bushies were convinced that they owned the world and always would. Anyone who disagreed could be dealt with as if they didn't matter, didn't exist. "Arrogance" doesn't begin to describe their world view.

Thank goodness common sense prevailed in the election.

There is more evidence that Cuban didn't finance the film that there is evidence that he did: http://blog.spout.com/2008/11/18/mark-cuban-sec-charges-related-to-911-movie/

There's not a whole lot to like about loud-mouth boor Mark Cuban; that said, there is even LESS to like about a toxically politicized Bush federal bureaucracy of which this incident seems to be one more glaring example. Fortunately, in the Bush administration, arrogance and stupidity often manifest themselves simultaneously. I find myself pulling for Cuban in this one.

I hope this convinces Cuban to actually indeed spend big amounts of money to release this film in theaters to the masses. Everyone should see this film.

www.infowars.com

To Cody: I HOPE to GOD that this is released in theaters. It will blow the roof off of the country!

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Tom Petruno
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Tom Petruno has been chronicling financial markets' highs and lows since 1979, and has been the Times' financial columnist since 1990. He writes on markets, corporate finance and the economy, and how it all ties in to individual investors' portfolios.

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