Bush Live - Speech on Corporate Responsibilty

MSNBC

[Sub-Driver]

Says Fraudulent CEOs Should Lose All Compensation

[Mo1]

BTW .. Has anyone found out where Rubin is hiding these days??

[zook]

Gregory claimed that Bush sold his stock "just before" the company went under. Imus interrupted him, pointing out that "3 months before" is not "just before."

[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.

Because the directors control the company and the directors of these newspapers are mainly family members/trusts that have a majority of directors who control the direction of the news. If non-family independent members were appointed and were a majority then they could make the paper go farther right in order to increase profits.

[ladtx]

What did Gregory say?

David Gregory said that Bush sold his stock shortly before it tanked. Imus stopped him cold and said it was 3 months before 3 MONTHS before it tanked. And why would his mischaracterize the time differential? Gregory had no answer, then he did admit it was 3 months and a lot can happen in 3 months. The whole exchange was classic Imus.

[Howlin]

Why on earth would you be banned?

[zook]

Big surprise. Limbaugh has his shorts in a knot over the speech. Limbaugh has developed a political tin ear over the past year.

[mewzilla]

Thanks. Gregory is such a blow-dried buffoon.

[justshe]

Where the heck are all the Bush detractors who have been saying he was opposed to these things he is doing? Why aren't they on this thread?

Give 'em time. Can't believe they would miss an opportunity like this.

[Miss Marple]

Hey, I admitted I thought he would veto CFR. He didn't. I was wrong. So sue me.

Unlike some people on this forum, I stand by what I say and try to be up front about it.

[nicmarlo]

Without a sound moral foundation, capitalism becomes nothing more than might makes right.

This bears repeating, over and over and over.

[Eva]

There are actually a multitude of reasons why Little Tommy would not like the EO.

First of all, it removes corporate fraud as a campaign issue for the November elections. As a matter of fact it goes further than removing the issue, it places it firmly in the Republican column.

The Democrats have been fumbling around (like Tommy in the Rock Opera), looking for a campaign issue and once again they have been pre-empted.

[Howlin]

Keep scrolling. One has already appeared!

[Wphile]

I tuned on Rush to hear his reaction. I've turned it off.

[Howlin]

Thanks. I have NO comprehension of financial dealings; you all have to lead me by the hand!

[mewzilla]

Well, I kinda wished Dubya had used the j-word (JAIL) over and over.

But if nobody goes to the pen, which won't do the markets any good, how about we bring back the stocks and set up a number of them next to that sculpture of the bull on Wall Street. Corporate malefactors can have their expensively suited bods stuck in the stocks for a while, and investors and employees could be given a chance to come by and vent.

[RedBloodedAmerican]

Dang, you beat me to it! I was just about to post that!

So if I am "bozo" what then does that make an AFer?

[Registered]

BTW, Shalala didn't head Clinton's Department of Education...

[Howlin]

Don't you think Tommy "went first" this morning to try to up the anty on Bush?

[cactusSharp]

went right to who benefits POLITICALLY in '02 from this
and willed it would be the dems as their hands are more clean...Lou Dobbs said well,it happened under Clinton

[disraeligears]

I just saw a part of the speech, but really enjoyed the part regarding analysts needing to assert what they really believe.

I'm a plaintiff's attorney who concentrates in representing investors who lose their money in the stockmarket due to negligence and/or fraud. If anyone could point me to a web site where I could get a transcript on this speech or on yesterday's congressional Worldcom hearing, I'd really appreciate.

I am one of the few conservatives in the plaintiff's bar, but I used to work for Merrill Lynch before going to law school, my father worked for ML, and I truly believe that the system, while obviously flawed, is the best we have and can be fixed.

And I think that Bush is the one to do it. He'll have the respect from Wall Street; in essence, the gravitas to do it (which Gore never had, doesn't have, and never will have).

Again, we are lucky to have the individual who presently occupies the White House.

Disraeligears