Saturday, August 21, 2010

Gov't supports business in investor case?

Why is the Bush Administration supporting crooked companies and the crooks who run them after they have ripped of the investors? Is this an another example of Bush's war on the middle class and his pro business agenda?





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WASHINGTON - The Bush administration on Wednesday took the side of defendant companies in a Supreme Court case that could determine the fate of other investor lawsuits including one stemming from the Enron scandal.





At issue in the case before the high court is whether third parties such as investment banks, accountants, lawyers or vendors can be found liable in shareholder lawsuits for scheming with companies accused of deceiving investors.





The brief filed by the Justice Department's solicitor general, who represents the administration before the court, maintains that allowing such liability would vastly overreach the securities laws against Congress' intent.





http://news.yahoo.com/s/ap/20070816/ap_o鈥?/a>Gov't supports business in investor case?
I read it a little differently than you. The Bush administration wants to let the SEC sue rather than shareholders. You lose a lot of money in the market? Is that why you have interest here?Gov't supports business in investor case?
First you liberals blame Bush for enron, then, when it's proven he had nothing to do with it, you blame him again, for not stopping it...

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