Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (1133)	7/2/2002 2:49:50 AM
From: T L Comiskey	Read Replies (1) of 89467

scott ..thx for the Krugman article Lets reread an important line or two.. Tim Representative Michael Oxley, the Republican chairman of the House Financial Services Committee, played a key role in passing a 1995 law (over Mr. Clinton's veto) that, by blocking investor lawsuits, may have opened the door for a wave of corporate crime. More recently, when Merrill Lynch admitted having pushed stocks that its analysts privately considered worthless, Mr. Oxley was furious ? not because the company had misled investors, but because it had agreed to pay a fine, possibly setting a precedent.

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