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To: stockman_scott who wrote (170363)	7/23/2002 5:01:31 PM
From: D.J.Smyth	Read Replies (5) \| Respond to of 176387

stockman. Galbraith is a well-known Democrat who has never failed to take verbal license with his explanations of his enemies, the Republicans. So, while Galbraith continues to yell fire, where none exists, the theatre continues to empty. His ludicrous explanations hurts both Democrats and Republicans. "Real" accounting reform...what is that? Democrats, in the early 90s fought alongside most Republicans to forestall accounting reform. What was good for Corporate American in 1960, they argued, is good for Corporate America in 1990. Accounting reform issues came up during Clinton's first term in office, and it was Clinton that was not ultimately supportive of any meaningful measures. The Clinton administrations "effort" to "clean-up" accounting? What is he talking about? Blaming former President Bush for the S&L debacle is ludicrous. The Democrats controlled both houses of Congress during Reagan and Bush years. The S&L debacle can be traced to both Republican and Democratic leadership problems. I don't know much about Bush's involvement at Harken...but I do know that Galbraith exaggerates (lies) about everything else concerning Republicans. Why should this article be any different? Enron wasn't the final scandal. "Broadband" acceptance by the Bells was the scandal. The Baby Bells had a "hand shake" arrangement with Enron to complete the last mile. Enron built the pipe, and the Bells decided not to fulfill their verbal and written obligations to complete the last mile. All those Enron loans, which were based on the principle of obtianing revenue from the "last mile" came crashing down. Why doesl Galbraith go interview Enron's engineers who were present during the early Enron years when broadband negotiations were ongoing? Why doesn't someone get those Texas Democratic writers to look into this mess?