"This is a man with a lot of trials in his life, " said former Education Secretary William Bennett, a CNN contributor.

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The opinions expressed in this commentary are solely those of William Bennett.

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The group was founded by former Education Secretary William Bennett, who took part in Wednesday's event along with Paul Bremer, a U.S. ambassador during the Reagan administration and the former chairman of the National Commission on Terrorism.

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William Bennett, former Secretary of Education.

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Among the biggest losers in the bankruptcy are shareholders, including financiers Bennett LeBow and William Ackman, whose investments in Borders likely will be wiped out.

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Robert Bennett, R-Utah, told then SEC Chairman William Donaldson that his constituents, among them Internet retailer Overstock.com (nasdaq: OSTK - news - people ), had complained that a regulation designed to curb abusive trading was not working.

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Robert Bennett, R-Utah, told then SEC Chairman William Donaldson that his constituents, among them Internet retailer Overstock.com (nasdaq: OSTK - news - people ), had complained that a new regulation designed to curb abusive trading was not working.

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