Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: surfbaron who wrote (6794)	9/20/2002 1:13:19 PM
From: sylvester80	Read Replies (2) \| Respond to of 89467

Since you started with the name calling... Keep the stupidity to yourself and to your fellow criminal cretins in the white house and congress. thedailyenron.com "When jubilant Republicans gained control of the House of Representatives in 1994 the centerpiece of their legislative program was the Contract With America. Among the ten goals outlined in document was passage of "The Common Sense Legal Reform Act." With a majority in both houses Republicans promptly passed litigation reform. But, the final product was not exactly as advertised in their Contract With America. In that document the litigation reform promised would enact the following changes to civil litigation statutes: "Loser pays laws, reasonable limits on punitive damages and reform of product liability laws to stem the endless tide of litigation." What emerged instead of the "Common Sense Legal Reform Act" was the "Public Securities Litigation Reform Act" (PSLRA). According to a new special report issued by American Family Voices, rather than targeting "frivolous litigation" as Republicans had promised, the PSLRA provided a shield against litigation for corporate wrongdoers. The PSLRA was vetoed by then President Bill Clinton on the grounds that it placed unfair burdens on shareholders when they turn to the courts for relief and recovery if they believe corporate insiders, their accountants and attorneys, had defrauded them. But, the Republican-controlled congress overrode Clinton's veto and in 1995 the PSLRA became law. Today, provisions of the Contract With America is proving protection and comfort to former Enron and Arthur Andersen executives."