There's an ongoing smear campaign against GW Bush by the Judeofascist lobby together with the TransAtlantic clique that tries to link the President to Wall Street's fraud crisis:
Aides defend Bush over stock trading
By Peter Spiegel in Washington and Vanessa Valkin in New York
Published: July 3 2002 22:17 | Last Updated: July 4 2002
The White House was on Wednesday forced to defend George W. Bush against claims that he failed to disclose personal stock transactions properly, days before the president was due to give a key speech about the need for higher ethical standards in US boardrooms.
A spokesman for Mr Bush acknowledged that his sale in 1990 of shares in a Texas oil company of which he was then a director was not recorded correctly with federal regulators. But he insisted the failure was due to mistakes made by the company's lawyers, and not the president himself.
[snip]
news.ft.com
There's a deep misperception in Europe about the current "accounting crisis" that's hit corporate America.... All our brave Euro-pundits foolishly brag about the alleged demise of the New Economy and call for a return of the more solid "Old Economy". However, as I pointed out in the post below (*), financial shenanigans and frauds are not an exclusive "trademark" of the so-called New Economy and many European corporations and banks that dealt only with traditional activities (banking, transportation, TV/media, agribusiness,...) have also been involved in financial scandals. Besides, Enron didn't belong to the New Economy: energy supply and electricity have been around for the past hundred years... And the US's biggest fiasco ever was the Savings & Loan crisis back in the 1980s ( thirdworldtraveler.com )
Yet, the TransAtlantic lobby views the whole thing as a rather positive development that furthers its interests: indeed, the New Economy was, among many other issues, yet another feature dividing Europe and America: the IT industry is almost exclusively an American success story, along with the venture capital biz that backs it --so much so that the Nasdaq eventually bought out Europe's tottery Easdaq. So, the TransAtlantic reasoning goes, if the New Economy fiddles, Europe's corporate old-guard should benefit as should the TransAtlantic relation...
(*) Message 17693933 |
