Not a single mention of Scientific-Atlanta or the other parties being sued by name. A lot of comments about Enron (55 by the various state attorneys general in their filing according to the article). How about comments on the merits of the case the Supreme Court will rule on and not some hypothetical other case.
I am not surprised that President Bush would support a position that refuses to hold those accountable for fraud from paying for it.
I have no doubt that the Enron consultants
(including their auditors) had knowledge of the fraud.
At minimum, they should have had knowledge of the fraud if they were in fact doing their work without undue company influence
(the buck trumps the ethical obligations I guess).
So…The Presidents position continues to allow those who partake in fraudulent actions from being held accountable.
No Surprise as we’ve already learned this from the recent Scooter Libby situation.
Congress has never recognized this “right,” why should the executive? I guess if you can’t get what you want democratically, go to court and force it on the public. That really helps “the little guy.”
Be careful with, “if you can’t get it done democratically, go to the court…” as this is mostly done by special interest groups and left-leaning organizations.
Since corporations can’t vote, and there are only a few executives potentially helped by this (not any where close to enough to turn an election), intimating that this is in any way is politically motivated is rediculous.
Why do we have the “get the big guy” mentality? The “big guy” is where most jobs (either directly or via contract) originate. Get them too much and jobs go away.
If the prosecution wins, even I, as an agent/broker, could face the potential of being pulled in just becuase I wrote the D&O or Fiduciary coverage for a company.
Now, if, through investigation by the SEC, it is found that I knew and/or contributed to any misdeeds, then I should go down. That’s allowed now.
Agents and brokers don’t want to be named and have to defend ourselves just because we had business dealings. That cost money.
Just be careful in broad generalizations. And be careful what you ask for, as you may get stung by it.
>>>Be careful with, “if you can’t get it done democratically, go to the court…” as this is mostly done by special interest groups and left-leaning organizations.
It is refreshing to see how many IJ readers have figured it out about Bush, his family and his role as puppet head of government by the rich, secured, among other means, through fears of terrorism and the commencement of a war
Bush had his own intimate involvement with corporate misrepresentation and failure in West Texas (Arbusto and Harken Energy) as did brother Neil with a savings and loan (Silverado–its failure cost taxpayers a cool $1 billion).
George’s life lesson in accountability was to have rich friends set him up with the Texas Rangers baseball team. Maybe it should have been the Texas Rangers Prison Team instead and we wold have been spared the last 7 years.
And don’t worry Neil’s being taken care of by Saudi Arabian investors selling weak software to school systems through the ol’ influence game. 15 of the 19 hijackers were citizens of that country as is OBL, himself. We attacked its neighbor instead. Go figure…
Leaving aside that sorry family, if the SEC had not been little more than a lap dog in recent years, there wouldn’t be a need for sterner action. Civil litigation threats with affordable fines after non-admissions of guilt are no answer and in fact impede and prevent redress by stockholders. I say “Slammer time for rich crooks and their enablers. Let them eat prison cake.”
Is more regulation needed? Just wait until you see what comes out of the mortgage meltdown now in progress–malfeasance at all levels and the tax payers will get dumped on again, right Neil?
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Not a single mention of Scientific-Atlanta or the other parties being sued by name. A lot of comments about Enron (55 by the various state attorneys general in their filing according to the article). How about comments on the merits of the case the Supreme Court will rule on and not some hypothetical other case.
I am not surprised that President Bush would support a position that refuses to hold those accountable for fraud from paying for it.
I have no doubt that the Enron consultants
(including their auditors) had knowledge of the fraud.
At minimum, they should have had knowledge of the fraud if they were in fact doing their work without undue company influence
(the buck trumps the ethical obligations I guess).
So…The Presidents position continues to allow those who partake in fraudulent actions from being held accountable.
No Surprise as we’ve already learned this from the recent Scooter Libby situation.
it is all about the corporate profits with this guy
Congress has never recognized this “right,” why should the executive? I guess if you can’t get what you want democratically, go to court and force it on the public. That really helps “the little guy.”
Be careful with, “if you can’t get it done democratically, go to the court…” as this is mostly done by special interest groups and left-leaning organizations.
Since corporations can’t vote, and there are only a few executives potentially helped by this (not any where close to enough to turn an election), intimating that this is in any way is politically motivated is rediculous.
Why do we have the “get the big guy” mentality? The “big guy” is where most jobs (either directly or via contract) originate. Get them too much and jobs go away.
If the prosecution wins, even I, as an agent/broker, could face the potential of being pulled in just becuase I wrote the D&O or Fiduciary coverage for a company.
Now, if, through investigation by the SEC, it is found that I knew and/or contributed to any misdeeds, then I should go down. That’s allowed now.
Agents and brokers don’t want to be named and have to defend ourselves just because we had business dealings. That cost money.
Just be careful in broad generalizations. And be careful what you ask for, as you may get stung by it.
>>>Be careful with, “if you can’t get it done democratically, go to the court…” as this is mostly done by special interest groups and left-leaning organizations.
My remarks were twice cut off for some reason. I was trying to say simply that I was being sarcastic.
It is refreshing to see how many IJ readers have figured it out about Bush, his family and his role as puppet head of government by the rich, secured, among other means, through fears of terrorism and the commencement of a war
Bush had his own intimate involvement with corporate misrepresentation and failure in West Texas (Arbusto and Harken Energy) as did brother Neil with a savings and loan (Silverado–its failure cost taxpayers a cool $1 billion).
George’s life lesson in accountability was to have rich friends set him up with the Texas Rangers baseball team. Maybe it should have been the Texas Rangers Prison Team instead and we wold have been spared the last 7 years.
And don’t worry Neil’s being taken care of by Saudi Arabian investors selling weak software to school systems through the ol’ influence game. 15 of the 19 hijackers were citizens of that country as is OBL, himself. We attacked its neighbor instead. Go figure…
Leaving aside that sorry family, if the SEC had not been little more than a lap dog in recent years, there wouldn’t be a need for sterner action. Civil litigation threats with affordable fines after non-admissions of guilt are no answer and in fact impede and prevent redress by stockholders. I say “Slammer time for rich crooks and their enablers. Let them eat prison cake.”
Is more regulation needed? Just wait until you see what comes out of the mortgage meltdown now in progress–malfeasance at all levels and the tax payers will get dumped on again, right Neil?
Can Bush even spell “scheme”?
So… how many hours a day do you spend reading http://www.dailykook.com?