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WorldCom: More government regulations won't stop thieves
Copyright 2002 - World Tech Tribune.com ^ | June 27, 2002 | Scott McCollum

Posted on 06/27/2002 1:08:58 PM PDT by Scott McCollum

A clip from the column:

“WorldCom spent billions in the late-90s, the go-go, greedy, moon shot-IPO, everyone’s getting rich quick, fat, dumb and happy Clinton years, on new technology and corporate acquisitions. Late June 2002, WorldCom’s stock trading is halted because of almost $4 billion in accounting irregularities (spinmeister code for 'cooking the books')... Democrat and other left-leaning politicians in the United States beat the drum for more regulations in an effort from ever allowing 'another WorldCom' the same way they wanted more regulations to halt 'another Enron' a few months ago. Democrats want more government regulation to stop theft? Did it ever occur to these leftists that thieves disregard paper barriers like government regulations?”


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: Kansas
KEYWORDS: ashcroft; capitalism; clinton; corruption; leftist; politics; regulations; worldcom
The full story is at http://www.worldtechtribune.com/worldtechtribune/asparticles/buzz/bz06272002.asp
1 posted on 06/27/2002 1:08:59 PM PDT by Scott McCollum
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2 posted on 06/27/2002 1:33:40 PM PDT by DoughtyOne
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To: All
Another gem:

If the political left has anything to complain about, it will be that it took Ashcroft so long to find out all of this bad stuff. Yes, the only valid criticism of the left is that it took Ashcroft two years to wade through the red tape left by his amoral predecessor and root out the thieving swine that have been wallowing in eight years worth of dirt.

3 posted on 06/27/2002 7:56:49 PM PDT by Scott McCollum
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To: All
Don't let the Democrats on left run with this issue come November! Remind people that WorldCom, Global Crossing and Enron all did their dirty deeds during the fraud-fraught 1,000% IPO-stock Clinton years.
4 posted on 06/27/2002 8:19:36 PM PDT by Scott McCollum
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