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Technology Stocks : All About Sun Microsystems

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To: CYBERKEN who wrote (50372)7/14/2002 4:41:15 PM
From: Just_Observing  Read Replies (1) of 64865
 
Re: The CURRENT president, a man of character and integrity, is cleaning it all up.

Here's a poll that says 84% don't believe that the President can lead the charge against corporate corruption since his own record is suspect. Only 13% believe he is qualified.

sfgate.com

Now the SEC Chief opposes the release of files on Bush's stock sales. If Bush were a man of character and integrity, he would insist on all information on his past business dealings be made public. Why is Bush silent on the issue of releasing the SEC files of his 1991 probe?

SEC Chief Says He Opposes Release of Files on Bush
Sun Jul 14, 3:29 PM ET
By John Whitesides

WASHINGTON (Reuters) - Securities and Exchange Commission ( news - web sites) Chairman Harvey Pitt, under heavy fire as a wave of corporate scandals breaks, said on Sunday there was no need to release the files on a 1991 probe of President Bush ( news - web sites)'s stock sales.

Appearing on two television talk shows to answer charges that he is too cozy with corporate America to effectively regulate it, Pitt vigorously defended his agency's performance and said he will not resign.

He accused Democrats of trying to score political points with calls for the release of the investigatory files on Bush's stock sales while he was a director of Texas-based Harken Energy Corp.

"Unless there's a reason to re-open ancient history, we should move on," Pitt said on NBC's "Meet the Press."

"Why can't we focus on WorldCom, on Enron, on Qwest, all these other companies where the American public is being injured? Why are we diverted for mere political gain?" he said, although he said he would release the files if Bush asked.

The SEC investigated Bush for being up to 34 weeks late in reporting stock sales worth more than $1 million but concluded he did not engage in illegal insider trading. Bush's father was president at the time.

"The matter is closed," Pitt said, but Democrats said Bush still needs to come clean about his past as a businessman.

"The only way to clear the air is full disclosure," Connecticut Sen. Joseph Lieberman, a potential Democratic presidential candidate in 2004, said on ABC's "This Week."



story.news.yahoo.com
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