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Politics : The Obama - Clinton Disaster
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To: Neeka who wrote (1116)11/13/2008 3:28:04 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "Americans will feel vindicated when Rangel and Dodd are given the same kind of treatment."

Er... wouldn't they have to be actually CHARGED with a crime or something FIRST before they could receive the 'same treatment'? <GGG>

PS --- I've never exactly been much of a 'fan' of either of those gents.

Dodd, for one, I 'credit' as being one of the guys --- along with Phil Gramm and Lieberman --- MOST RESPONSIBLE for killing the Clinton era push (by Fed Chairman Greenspan, Treasury Secretary Rubin, the American Accounting Association and the International Accounting Association) to REFORM SECURITIES and ACCOUNTING LAW so that stock option grants could not be used any longer to phony-up a companies reported earnings.

If Dodd and Lieberman and Gramm had not *killed* that strong push for reform (it almost passed twice back then) we probably could have never had the Internet Bubble (based on phony reported corporate 'earnings') and then the subsequent Nasdaq Bubble Bust.

Not a fan....
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