[liberallarry]

Krugman's response to criticisms of his earlier articles Maybe he reads FR ... and thus can be considered a poster. :)

[Dog Gone]

He's right. All people in the White House must be people with no experience in the corporate world whatsoever, and should have no friends or even acquaintances in the corporate world. Furthermore, Joe Conanson should be in charge of all investigations and prosecutions.

Good job, Krugman, you hairy windbag.

[ReleaseTheHounds]

Gee, Larry, Paul Krugman and his ilk had 8 years during the Clinton administration to address all these ethical issues -- and wouldn't it have been better to have addressed accounting fraud issues before the BUBBLE became a bubble? Wouldn't one have hoped and expected the great Jon Corzine to have proposed all these reforms as CEO of Goldman Sachs when Goldman Sachs was making billions on internet IPOs and advisory fees for all those corporate clients?

Krugman slams the spending of $70MM to pursue Whitewater -- after all, it was merely an S&L scam that only cost taxpayers $40MM... that is if you discount the scamming of the retirees who were actually buying property in the Whitewater development... Oh, and we should forget the tax-evasion that apparently took place with Clinton never paying for his passive partnership and then receiving various payments from the partnership. Yeah, all those messy details related to Whitewater -- and the Demos certainly wanted to get to the bottom of it by slamming the various attempts to vet the scandal.

And of course, Hillary Clinton has room to criticize W for not being forthcoming, open and honest. After all, she had perfect memory and recall of all her past Whitewater involvement -- good thing those billing records disappeared for a few years.

The Liberals are really hilarious when it comes to all this slamming of Bush, these Corporate scandals (about which the Demos/liberals have no clue about accounting, auditing, ethics, honesty) and almost everything else of import these days. JMHO.

[Mr. Bird]

...such as not allowing accountants to take consulting fees from the same firms they audit.

Someone needs to inform Krugman that those firms had their desires enacted into law by the kind hand of a Sen. Christopher Dodd. Did I mention he was DNC chairman at one point?

[ravingnutter]

Mr. Bush claims that he was "vetted" by the S.E.C. In fact, the agency's investigation was peculiarly perfunctory. It somehow decided that Mr. Bush's perfectly timed stock sale did not reflect inside information without interviewing him, or any other members of Harken's board. Maybe top officials at the S.E.C. felt they already knew enough about Mr. Bush: his father, the president, had appointed a good friend as S.E.C. chairman. And the general counsel, who would normally make decisions about legal action, had previously been George W. Bush's personal lawyer — he negotiated the purchase of the Texas Rangers. I am not making this up.

Oh yes you are...from other threads...

When the Securities and Exchange Commission was investigating private-citizen Bush’s sale of stock, he not only answered all their questions, but he waived attorney-client privilege so the SEC could talk to ANYONE about ANYTHING before rendering their decision.

Source

THE DOMINANT SUBJECT at President Bush’s rare press conference Monday evening was not new corporate scandals that threaten America’s capitalist economy. It was a 12-year-old stock sale by private citizen George W. Bush. That caused a Securities and Exchange Commission (SEC) official, who long ago gave Bush a clean bill of health, to ponder the wondrous ways of Washington. That official was not, as National Public Radio suggested Tuesday morning, then Republican SEC Chairman Richard Breeden (appointed by the elder President George Bush). It was SEC enforcement chief William McLucas, now a partner in one of Washington’s most prestigious law firms — and a Democrat.

Source

Liar, Liar, Pants on Fire....

[Oschisms]

Thomas White — whose division of Enron generated $500 million in phony profits, and who sold $12 million in stock just before the company collapsed — is still secretary of the Army?

Perhaps it's because he had to sell the stock to take the position as secretary of the Army?

Of course Krugman knows this. He lies by omission- not even very well.

[Oschisms]

Yet everything Mr. Bush has said and done lately shows that he doesn't get it....— he responded, "There was an honest difference of opinion. . . . sometimes things aren't exactly black-and-white when it comes to accounting procedures."

You mean accounting procedures are black and white, Paul? You mean every company in the US keeps their books the same exact way? Patently untrue. Bush gets it. Krugman does as well, but he'd prefer to lie about it.

[Oschisms]

In reality, top executives rarely get charged with crimes; not a single indictment has yet been brought in the Enron affair, and even "Chainsaw Al" Dunlap, a serial book-cooker, faces only a civil suit.

The Sunbeam debacle happened in 1998. Who was president then? How many years did that president have to toughen penalties for financial crimes? Did he?

Of course Krugman knows this. He's simply a liar.

[Oschisms]

Accounting issues are technical enough to confuse many juries;

But I thought Bush "didn't get it" because he said "sometimes things aren't exactly black-and-white when it comes to accounting procedures."

So Paul, which is it. Are accounting procedures black and white or are they too technical for the layman? You can't have it both ways.

[Oschisms]

As in the case of Harken, no hard work is necessary; Joe Conason laid it all out in Harper's almost two years ago.

So why didn't you publicize this wrongdoing before the election, Paul? You had your soapbox then, right? Why wait till after the election, after war was waged on us?

[Oschisms]

Mr. Bush is not a real reformer; he just plays one on TV.

The same could be said of Mr. Krugman and real economists. Except that Dubya's a far more convincing act. Is the domain name krugmanwatch taken?