For Immediate Release

Organization Profile: 

Bea Edwards, International Reform Director
Phone: 202.457.0034, ext. 155

or: Dylan Blaylock, GAP Communications Director
Phone: 202.457.0034, ext. 137

GAP Scrutinizes Nominee for Deputy Attorney General

Inside Sources Prompt Questions about James Cole’s Record at AIG as Independent Monitor

WASHINGTON - The Government Accountability
Project (GAP), which has been critical of the nomination of James Cole
since he
was rumored to be on the short-list for Deputy Attorney General, has
mock questions for members of the Senate Judiciary Committee to pose to
Cole at
his confirmation hearing later today. 

Cole was nominated by the
Obama administration last
month to be second-in command at the Department of Justice. For years,
Cole has
served as the Independent Consultant (IC) stationed at insurance
behemoth AIG
as a result of two deferred prosecution agreements (DPAs) between the
corporation, the SEC, and the Department of Justice in 2004 and 2006.
The DPAs
were put in place as part of a settlement when AIG previously faced
fraud charges.

"The administration is
trying to deflect
attention from Cole's poor record of oversight at AIG in the years
leading up to the financial crisis by claiming he was not asked to
monitor the
troubled subsidiary," said Bea Edwards, GAP's International Program
Director. But in fact, it was Cole's own decision that exempted that
subsidiary from his scrutiny."

When rumors of Cole's
potential nomination began
to emerge in April, GAP began receiving frequent and disturbing calls
from AIG
alumni and current staff about serious problems with Cole's actions
during his tenure. Since then, Edwards has been steadily posting
blog entries
about Cole based on the disclosures we have received.


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In advance of this
hearing, Edwards has produced a
primer on Cole's role at AIG, followed by five questions GAP believes
should be asked at the hearing.

here to read the primer!

The questions that GAP would like to pose to
Cole involve the following
topics (please click the first few words of each topic to go directly to
video question):

"Cole was the Justice
Department's and the
SEC's eyes and ears at AIG as the corporation assumed unmanageable risk.
If, as the administration claims, he actually was completely unaware of
was happening at AIG-FP, that alone should raise serious questions about
suitability for the post of Deputy Attorney General," said Edwards.


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The Government Accountability Project (GAP) is a 30-year-old nonprofit public interest group that promotes government and corporate accountability by advancing occupational free speech, defending whistleblowers, and empowering citizen activists. We pursue this mission through our Nuclear Safety, International Reform, Corporate Accountability, Food & Drug Safety, and Federal Employee/National Security programs. GAP is the nation's leading whistleblower protection organization.

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