Other than he is commander in chief--explain to me why it is that all this mess with the crooked CEOs/corporations and funny bookeeping is Bush's fault. Does anyone know how long the CEO/corporate accounting in question has been going on ? A Ponzi scheme like Enron takes a while to finally unravel. With the new kids (SEC) on the block investigating a lot of what has been happening could these accounting messes have happened years on back? Or are they just of this year (as if the corporate world said, yeah,Bush is in town and now we can cheat)? Could it be a bunch of crooks taking advantage of loopholes in the system and they went beyond the pale and now have gotten caught?
When the companies have to announce new revised statements why are they doing it? Is it b/c they are honest and found a mistake or was it that the SEC caught them and told them to revisit their accounting statements?
Anyone out there with knowledge and facts not just their predisposed ideas that can answer these honest questions?
Other than he is commander in chief--explain to me why it is that all this mess with the crooked CEOs/corporations and funny bookeeping is Bush's fault. I don't believe it's his fault, olliemb. Not only that, I don't know what people within 5 years of retirement were doing with ANY money in stocks. I know I am ultra-conservative when it comes to investments, but I hope when I'm 50 I am all into bonds (hell, I am all into bonds right now.) But the President gave a speech. The President is expected to respond. I was simply expressing my subjective reaction to his speechifying and proposals on this subject. As far as I can tell, the perps are all free. The President has done what politicians normally do: recommended stiffer penalties for the next guy, and commisioned a new task force. As I said, it's just my subjective reaction; I admit that; but it seems weak. What could he have done? Rhetorically, it would have helped for him to name names: Ken Lay, Gary Winnick, Joe Perrone, etc. It would have helped for him to promise to go after these guys like he promised to go after Al Quiada.