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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (219780)	2/8/2003 11:43:12 AM
From: Mike M2	Read Replies (2) \| Respond to of 436258

KT, Message 18554325 During that earlier effort, a coalition of lawmakers led by Sen. Joseph I. Lieberman (D-Conn.) was so opposed to the plan that it tried to strip the private board of its powers. That effort failed, but the Senate, in a 88 to 9 vote, passed a resolution opposing the stock-option rule. The standards board ultimately backed down at the urging of Arthur Levitt Jr., then Securities and Exchange Commission chairman. Levitt has since said that he was wrong and should have supported the FASB. Republicans aren't the only ones who sell out to big business. The ESOP accounting scam facilitated one of the biggest bubbles in history. Mike ho ho ho