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

To: SeachRE who wrote (269889)	7/3/2002 11:56:58 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 769669

cnn.com Can lawmakers now afford to be obstacles to reform? By Mitch Frank With reporting by Sally January 28, 2002 Posted: 10:04 a.m. EST (1504 GMT) Washington has its own version of the business cycle: when times are good, get rid of pesky regulations that companies complain are holding them back; when things turn sour, start crying for rules. No legislator wants to appear to be blocking reform now, especially in an election year, but previous efforts have faded away when the headlines did. Here are four areas of reform and the hurdles they face. AUDITING LAWS "We were wrong." When Senator Bob Torricelli of New Jersey said those words in a hearing last Thursday, it marked a dramatic turnaround. For years, Congress has aided the accounting industry's efforts to avoid new auditing rules. Torricelli is one of many lawmakers (including Connecticut Senator Joe Lieberman) who have pressured the SEC several times over the past decade to back off on tougher regulations for auditors. Clinton-appointed SEC chairman Arthur Levitt tried to enact rules that would have kept firms from auditing and consulting for the same clients and forced companies to publicly disclose more liabilities, such as executive stock options. Each time Congress quashed Levitt's efforts. But that opposition was gone at last week's hearing. "Perhaps the era of self-regulation is over," said Tennessee Senator Fred Thompson. But President Bush's SEC chairman, Harvey Pitt, doesn't share Levitt's concerns. As a lawyer and lobbyist for the accounting industry for more than 20 years, Pitt led the fight against Levitt's proposals. Now he's pressing for a new industry-funded oversight board. But the current board never flunked an auditor in 25 years of peer reviews. Pitt's proposal "lacks teeth and independence," says Levitt. The Senators may be talking about stricter regulation in televised hearings, but they're not proposing many bills. Will their change of heart last long enough to result in real action?

To: SeachRE who wrote (269889)	7/4/2002 1:38:07 PM
From: Srexley	Respond to of 769669

So you are saying someone who does these things is not a sexual predator. Your belief that it is ok to use power and influence for sexual gratification is your personal business, but I think it is pretty lame to say that it is ok if nobody knows about it. "In my professional experience people that enjoy sticking their nose in this nonsense usually have serious sexual dysfunctions" But the guy who does it is ok in your "professional" opinion. Glad the people who think like you are out of office (and disgraced). Is there even such a thing as a sexual predator in your view, or as long as the guy in power says it is his personal business you are ok with it? Kind of disgusting imo to support this type of behavior towards women.