Bush administration in pocket of corporate America
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Jul 25, 2003, 10:32
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The extent of the Bush regime’s connections and entwinements with corporations involved in fraud is becoming glaring as more evidence bubbles to the surface.
Gene Simon
Bush administration in pocket of corporate AmericaEven the corporate-enmeshed establishment media can’t ignore the flood and fallout of this unprecedented corporate wave of fraud and crime in the suites.
No longer is the Enron scandal the tip of the iceberg nor an isolated example of corporate wrongdoing, as George Bush claimed not long ago. Revealing evidence of this corporate unraveling is confirming that our country is in the midst of a corporate crime wave with a host of major companies being caught using Enron-style accounting scams, looting and premeditated fraud doing great harm to tens of thousands of employees, investors and to our country.
The record now documents that some of the worst wrongdoers include Global Crossing, HealthSouth Corp., AOL Time Warner, Tyco and the communications giant WorldCom that has surpassed even Enron as the biggest-ever bankruptcy in U.S. history.
Underlining the phoniness of watered-down corporate reform proposals George II belatedly endorsed last fall when his approval ratings dropped, corporate crook WorldCom (now joined with MCI) got the lush Bush government $45 million no-bid contract to rebuild Iraq’s phone system, even though it has scant experience building wireless networks. This is the same corporation that bilked its investors out of $11 billion — so now it gets rewarded by the Bush corporation. (snip/...)
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