Lieberman's been part of the fianacial mess from the beginning in 1994. As Warren Buffet recently wrote in the NYT:
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. Unfortunately, current S.E.C. leadership seems uninterested in correcting this matter. I don't believe in Congress setting accounting rules. But the Senate opened the floodgates in 1994 to an anything-goes reporting system, and it should close them now. Rather than holding hearings and fulminating, why doesn't the Senate just free the standards board by rescinding its 1994 action?
No wonder he wants to duck any responsibility.
IMHO expensing options is a red herring. What does it have to do with CEOs stating that loans are sales, that the company is doing well when it's going bankrupt, when the officers take theirs off the top all the while lying to employees, when the Wall St. know nothings are touting their stock so dupes will buy and their insider friends will be enriched.
Corrupt people will ALWAYS find ways to do what they do best, steal from others. Options, expensed or not, have nothing to do with the utter immorality left over from the previous administration.
IMO you can not legislate honor..........there is a concerted effort by certain huge firms to tamp down the market and the economy to help the democrats. They know the go go years of lying cheating and stealing are over with THIS president and they don't like it a bit. Cramps their style.