Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (1735)	7/10/2002 2:18:15 PM
From: stockman_scott	Read Replies (1) of 89467

<<concluding Pitt of SEC must go>> WHY WON'T BUSH MAKE SOME TOUGH DECISIONS...?? Good CEOs often do what's unpleasant...The SEC has been UNDERfunded by a long shot....Bush wants to give Pitt $100 Million more and spend over $420 Billion this year on defense...The Democratic Sarbanes Bill is calling for more than a 1/2 Billion increase in funding for the SEC -- There are some BIG problems that need to be dealt with and fighting white collar crime is NOT easy...Why don't we have someone like Guiliani running the SEC or a special task force charged with prosecuting 'the Ken Lay's of the world'...? It's time to get tough and its clear that the market was not overly impressed with Bush's speech....Bush talked a lot about the problem BUT failed to outline very comprehensive prescriptive actions to deal with our problem of corporate governance and transparency.

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