[aShepard]

Hmmm! 1994! Joey Lie-ber-man!

Whose legacy????

[b4its2late]

Lieberman - the unconscious of the senate.

[Eric in the Ozarks]

Words from the acknowledged Master of Markets.

[dd5339]

The Oracle of Omaha speaks.!

Semper Fi!

[conservatism_IS_compassion]

WARREN E. BUFFETT strikes me as a lefty, to boot. Wasn't he the one who was saying that he didn't need a tax cut?

[eureka!]

I'm surprised the Clymers ran this. Lieberman is a fraudulent poseur and I do hope the truth is outed, big time...

[McGavin999]

He's absolutely right, this is just commonsense. If the CEO's are saying the options have no value, then they should have no problem giving them up. If they do have value, they should be expensed.

[Zack Nguyen]

Lieberman pretends to be a moderate Democrat with conservative social principles. But he's just like the rest. Remember when he suddenly was in favor of partial-birth abortion, and was suddenly against vouchers during the Presidential campaign? He dropped his principles like a live grenade when it suited him.

[1Old Pro]

Funny, the media is unaware of Lieberman's legislation.

[dts32041]

So Buffet doesn't talk about his support for the death tax.

He got his and he doesn't want anybody elese to have it, but the slime called the federali's.

[BlackJack]

Pension fund income? The administration declared the budget
deficit this year as $165 Billion. If you take out social security
surplus (where is that darn lock-box) the deficit is $400 Billion.

[bandleader]

It was Sens."Loserman" and the "other piece of bread"in the Teddy"The Swimmer"Kennedy cocktail-waitress SANDWICH,Chris Dodd who led the way in relaxing accounting-standards!!!!!!!Also,it was "BeelzeBubba's"SEC head(Arthur Levitt)who neglected to review ENRON filings between 1997-2000!!!

[RayChuang88]

Oh my!!

Warren Buffett--usually a social liberal--has suddenly gotten a clue and figured out why the market is tanking--too many clueless Democrats in Congress! (faints)

Given Buffett's enormous influence in the stock market, he might just lead the charge to clean up the mess. Maybe he's figured out what a bunch of scoundrels the Clintons really are? =)

[VOA]

Unfortunately, current S.E.C. leadership seems uninterested in correcting this matter.

While it's heartening to hear Buffett name names (in regard to Lieberman),
I'm wondering if Pitt (the current S.E.C. head?) shouldn't be thown overboard.
I heard on the radio news today that Pitt was asking to be made a Cabinet-level official...
and The White House said this request/demand was "a distraction".

Maybe Pitt isn't (at least in terms of politicall appearance) the guy that Dubya
needs at this time.

(Just my amateur opinion; I'd been fairly in favor of Pitt as he said his past
experiences told him "where the bodies" are buried. Maybe he let his ego expand more
than his drive to actually take care of bidness.)

[Fixit]

I always love a chance to use this oldie:

Funny that we've been discussing Lieberman and Dodd's complicity from the accounting side on FR for (many) months, but it takes Warren Buffett to get it mentioned in the NY Times.

[doug from upland]

The one person who derived the most benefits was the Sinkmaster himself. A phony president -- a phony economy. As long as people felt content and they (erroneously) thought everything was fine and they were making money, a rapist and traitor would not be removed from the White House. IT'S THE ECONOMY, STUPID were the four most dangerous words of the 1990s. They kept him in office and did immeasurable damage to this nation.

[Republic]

Indeed, actions by Congress and the Securities and Exchange Commission have the potential of creating a smoke screen that will prevent real accounting reform. The Senate itself is the major reason corporations have been able to duck option expensing. On May 3, 1994, the Senate, led by Senator Joseph Lieberman, pushed the Financial Accounting Standards Board and Arthur Levitt, then chairman of the S.E.C., into backing down from mandating that options be expensed.

Mr. Levitt has said that he regrets this retreat more than any other move he made during his tenure as chairman.

IT seems to me it is time to bring some members of the SENATE before some committee investigating FRAUD to explain their reasons for such a vote!!!

(BTW--Hey JOEY LIEBERMAN...how are things going with CITI-GROUP banking, babes? Ya gonna talk about your cozy relationship with Enron's enabler anytime soon? We wait with baited breath for one ounce of honesty and integrity to escape your trembling lips!!)

[Benrand]

Yeah, but Harken and Halliburton.

[Dems_R_Losers]

Indeed, actions by Congress and the Securities and Exchange Commission have the potential of creating a smoke screen that will prevent real accounting reform. The Senate itself is the major reason corporations have been able to duck option expensing. On May 3, 1994, the Senate, led by Senator Joseph Lieberman, pushed the Financial Accounting Standards Board and Arthur Levitt, then chairman of the S.E.C., into backing down from mandating that options be expensed. Mr. Levitt has said that he regrets this retreat more than any other move he made during his tenure as chairman.

What???? You mean this happened before the Republicans took control of the Congress?? I thought Dickless Gephardt just told us it was all the fault of Newt Gingrich and the Contract With America!!! /sarcasm off/

[TheOtherOne]

correct title:

Who Really Cooks the Books?

[Stand Watch Listen]

bttt