[Donald Stone]

Volcker forgot to mention that both the Democrats and Republicans knew huge amounts of badly needed campaign finance dollars could be obtained thru political donations derived from securities fraud by so-called professionals:

law firms (that were making millions in legal fees on these fraudulent securities offerings),

brokers,and

investment bankers

that had close personal and political ties to the Republican and Democratic parties and the best way to finance any election campaign was thru securities fraud.

"corruption has been widespread since the 1990s" in the stock market, with "huge amounts of money being made by investment bankers pressing the envelope of manipulation."

Mr. Volcker told a breakfast meeting of reporters that "corruption has been widespread since the 1990s" in the stock market, with "huge amounts of money being made by investment bankers pressing the envelope of manipulation." He said the scandalous implosions of Enron, Tyco, Arthur Andersen and other companies have made just about everybody aware that "we have a lot of people trying to figure out how to get around the rules."

[DoctorMichael]

.........campaign finance dollars could be obtained thru political donations derived from securities fraud by so-called professionals.........

Terry McCauliph (sp?) and his receiving a "personal"- "donation" of GLOBAL CROSSING stock which he turned around and sold at an "opportune" time (ala Martha) comes to mind.