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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Selectric II who wrote (225066)2/5/2002 2:07:14 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769667
 
RE: Chairman Levitt... he was on a 6 year campaign to tighten the standards... it was widely reported at the time (Congressional hearings, much media comment, etc.), and also when the incoming new President Bush made his own (Ken Lay recommended:) appointment to the SEC chair who than abandoned the campaign (no surprise there).

Also was mentioned on most network evening news programs tonight (including PBS).

If you watched ex-Chairman Levitt's testimony before some of the Enron & accounting industry investigative Congressional hearings last week, you also saw some of the same Congressmen who opposed Levitt's regulatory efforts (Taubin, etc.) apologize and say "We were wrong, you were right".

As to Greenspan's testimony about the functioning of Free Markets... that too was just last week, but it has been previously echoed by many industry participants and economists.

RE: the Republican-led over riding of Clinton's veto of legislation which loosened Security Industry standards and practices... I believe that was one of the first Clinton era veto over-rides (if not the first). There weren't that many, should be very easy to track down info (and also, if you watched tonight's NightLine, it was mentioned again there.)