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

To: FastC6 who wrote (281089)	7/28/2002 3:03:43 PM
From: JEB	Read Replies (1) \| Respond to of 769667

Yeah, ...I know, ...most of America does, as well. That's why the Dems have 0 in the credibility department. ...and they wonder why no one is listening to them, ...LOL, ...can't see the forest from the trees.

To: FastC6 who wrote (281089)	7/28/2002 4:55:12 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769667

Still, Clinton's SEC head Arthur Levitt fought a very lonely battle for accounting reform for 6 years (supported by Warren Buffett and Alan Greenspan) ...but were defeated by the accounting industry's lobbyist Pitt (Bush and Ken Lay's personal pick for the SEC chair). Opposition to the reforms - as well as the F.A.S.B.'s suggested reform to require expensing of stock options way back in 1994 - was intense from Republican's such as Dick Armey... as well as Democratic Senator Lieberman. ...Levitt says that the failure to push through needed reforms was the single biggest regret he has about his time as SEC chief... and Warren Buffett says that the strangling of the SEC's and F.A.S.B's reforms is what allowed the asset bubble to form... while Greensapn said it promoted 'avenues of greed'. There is plenty of blame to go around in Washington for this mess but, if anyone's fingerprints are on this disaster, it is Bush cronies like Pitt. Blaming the people who fought to strengthen the rules (but lost the fight) is RIDUCULOUS.