Bush Live - Speech on Corporate Responsibilty

MSNBC

[Sub-Driver]

Says Fraudulent CEOs Should Lose All Compensation

[GNU4U]

News blackout in Salisbury, MD so i guess we just get soundbites at 6:30 and "we said he said" reporting.

[Right_in_Virginia]

It's not related...according to Cavuto it has to do with problems in the tech area.

[nicmarlo]

An EO . . . Keeps it all under the executive branch appointees

Explain why this would upset Daschole? Someone said that earlier? Because they can't control it or because they can't delay its implementation by taking months to vote on it?

[Right_in_Virginia]

Great post, thanks.

[r9etb]

Thanks for the details. Notice that none of these things would be necessary if the yutzes who run these corporations had the morals of a slug.

This is what Bush was getting at when he talked about the connection between capitalism and character. Without a sound moral foundation, capitalism becomes nothing more than might makes right.

[Howlin]

Was that in the last year?????

[cactusSharp]

watching RON Insana of CNBC babbling...This maggot and his ilk pushed one dead stock after another .What a godless maggot

[Kaslin]

Will anyone post the transcripts. I had to go grocery shopping and missed the speech

[Ragtime Cowgirl]

Just for the record....

$3,400,000,000,000 Of Taxpayers' Money Is Missing , one year...1998, Feds. lost over a TRILLION taxpayers $$$$. Couldn't even give accounting information....no one goes to jail, no one investigates...

Where's the press accountability? Why investigate every suspicion of corporate mischief while ignoring more serious mischief in DC with the involuntarily (required, not choice..as in investing in stock markets) paid taxpayer $$$$?

The U.S. Government can't balance its books and can't properly explain how it spent $1.8 trillion last year (1998) or account for $1.6 trillion in such assets as parks, buildings, missile launchers, tanks and paper clips.

..In general, the GAO concluded that "because of the serious deficiencies in the government's systems, record-keeping, documentation, financial reporting and controls, amounts reported in the financial statements...do not provide a reliable source of information for decision-making by the government or the public."

Plus:
The Government's Secret Slush Fund.

[mombonn]

I remarked to a client yesterday that a Harvard MBA as President of the United States seems like a pretty good idea.

It turns out he's a demonrat - you should have seen his face! He choked. He didn't believe our President is an MBA, muttered a little, and finally concluded that an MBA from Harvard doesn't mean much.

Then he said "Those Republicans never want to put any new laws on the books." I said, "What good is it to put new laws on the books if you don't enforce the ones already there?" I cited gun control as an example.

Hope I didn't lose a client, but it was fun to see him turn green at learning W has an MBA.

[Miss Marple]

Both. Daschle wants to get credit, and also wants to have a pipeline of information to the crooks. This will effectively stop that dead in its tracks.

Expect whining and bloviating, depending on if you are dealing with Daschle or McAuliffe.

[steve50]

Accurate, the panel is under the Att. Generals office. An executive appointed office. Just another level of deniability between the executive and the decision. Kenny Boy and the rest are home free.

[Catspaw]

No more golden parachutes for crooks? I like it.

[Howlin]

Thanks for explaining that!

[VRWC_minion]

The President calls on the nation's stock markets to require that a majority of a company's directors be truly independent so that they have no material relationship with the company

THe Washington Post, LA Times and NYT's are going to have fits over this.

[RedBloodedAmerican]

But I did the wrong speech text, which I asked to have removed. Mis-read the date.

[Wright is right!]

"Notice the Y axis there. It is a very small span."

Thanks for pointing that out - I was getting ready to when I saw your reply. Heck, that's only a swing of 3 points. Barely a blip - and it MAY go UP by the close.

Michael

[Howlin]

Kenny Boy and the rest are home free.

For those of us financially challenged, will you explain that.

[Miss Marple]

I trust you will be here to admit you were wrong, when Lay and others feel the full weight of the law.

[Howlin]

Why?