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These business scandals and the resulting loses of billions in people's retirement accounts are serious for sure. Younger workers have time to wait it out.

Many of those in their 50's and older are/were living on those retirement accounts. When they see their "financial security" lose upwards of 80% of its value in the last year, they are very concerned.

It is passed time for blaming the previous administration. This is George W. Bush's watch. He has been in office nearly 1.5 years. He needs to restore confidence in investors and also restore a lot of those retirement funds that were stolen by corporate executives. He needs to show rapid, strong action against the frauds, or the next Presidential election will see a new Chief Executive. Pocketbooks are being affected, and people vote based on their pocketbooks. Time to let things sort themselves out is no longer a luxury for GWB because any rebound will take months, probably even a couple of years. He doesn't have much time to get the economic train back on track and get it moving with enough momentum to carry him through the 2004 election.

I think you're right Tom. New laws on future corruption aren't going to do it.
What Lay, Fastow, and the boys engaged in was a conspiracy to defraud, and is indictable under any laws. If he refuses to prosecute these guys the House, Senate, and re-election are chances are gone.