Bush To Seek Jail For CEOs

CNNfn ^

[RCW2001]

Bush to seek jail for CEOs Speech seen as effort to distance President from critics and restore investor confidence.

NEW YORK (CNN/Money) - President Bush is set to tell Wall Street in a speech Tuesday that he will seek prison time for corporate executives who mislead investors -- even as his administration faces growing criticism that it's been too soft on Corporate America.

[DoughtyOne]

What I do not understand is why we're having this debate. What we are talking about is massive fraud perpetrated on the public. People bought stocks based on this fraud. Isn't a prison term manditory for such criminal acts?

And if these aren't criminal acts, then my concept of what is just and honorable have just been shattered.

[El Sordo]

Bush could send thieving CEO's to the gallows and the Dims would still claim that he's in the pocket of big business.

[Billy_bob_bob]

"Bush to seek jail for CEO's" - translation: Bush to send three or four guys to "Club Fed" for two or three years to work on their backhand, while the rest of the looter elite abscond with their ill-gotten gains. Mark my words.

[RightWhale]

he will seek prison time for corporate executives who mislead investors

If the DOJ can come up with some federal charges.

[LarryLied]

Bush to send three or four guys to "Club Fed" for two or three years to work on their backhand,

Blame trial lawyers and our justice system for that. All Bush can do is urge prosecution. Which is all I want a president to be able to do.

[Zeroisanumber]

Zeroisanumber seeks lash for criminal CEO's, demands Congressional investigation.

[El Sordo]

Bush could send thieving CEO's to the gallows and the Dims would still claim that he's in the pocket of big business.

[RCW2001]

I haven't heard nary a mention of 'asset forfeitures' that is such a 'darling' for the DEA in drug cases...

How about it in these cases?

[Mudboy Slim]

"President Bush is set to tell Wall Street in a speech Tuesday that he will seek prison time for corporate executives who mislead investors -- even as his administration faces growing criticism that it's been too soft on Corporate America."

Excellent!! Now, the logical next step is to seek prison time for government executives who mislead taxpayers and allow Corporate America to go unpunished for eight years!! We can start with Securities and Exchange Commission BureaucRATS, and Sec. of Treasury Robert Rubin, and Terry P. McAuliffe, then work ourselves up to the BigFish KingPin Criminals like Der SchleekMeister!!

Tuesday's speech is but a first step in curbing the excesses of the Clinton Years...MUD

[Mudboy Slim]

"Dims would still claim..."

The rATS can claim, allege, hint, and lie, but the Sheeple increasingly find the Left's rantings to be devoid of factual context...MUD

[Billy_bob_bob]

Agreed. Our justice system is badly broken.

[Mudboy Slim]

"What I do not understand is why we're having this debate. What we are talking about is massive fraud perpetrated on the public. People bought stocks based on this fraud. Isn't a prison term manditory for such criminal acts?"

LOL...after eight years of the Effete Elite being rewarded for corrupt and illegal actions, it is sad that we have to re-invent the wheel and hold white-collar criminals responsible for their crimes. Still, it's a Public Debate that is long overdue and which will inevitably have to lead to prosecuting the Clinton RATS who facilitated the crimes!!

Oh, joyous day...MUD

[DoughtyOne]

Because of some of the abuses I've seen in the asset forfeiture arena, I'm not in favor of it. It places police agencies in a position to profit directly from seazures. I think that sets up a real conflict of interest.

If CEOs are guilty of fudging numbers, guilty of defrauding people out of their life's savings, then they should be punished long term. You don't ruin other people's lives then get off with a 2.5 year sentence. Start handing out thirty year sentences to these pricks and it will stop.

[DoughtyOne]

Yes, let the investigations, convictions and sentences begin, all the way around.

[E. Pluribus Unum]

BWAAAA-HAAAA-HAAAAA-HAAAAAAA!!!!!

[Mudboy Slim]

"Start handing out thirty year sentences to these pricks and it will stop."

Yep, all the way around...MUD

[Canadian Outrage]

I don't understand why you think that asset forfeiture is not only a good and necessary thing but a direct punishment also. These pricks and their wives and families, enjoy yachts, homes, cars, jewelery etc. that is all paid for by illegal gain. I say take it away from them, liquidate it and divide the gain up between those shareholders that were hurt. How on earth do the Police profit??? Just want to hear how you come to that conclusion. Lynn

[harrym]

Jail would be great for these crooks. However, it will not stop the crime wave. What is needed here is a re-education of our middle and upper management people in what ethics are about. Somehow the moral relativism and situational morality of the last three decades have produced a breed of people in those positions who honestly don't know and can't perceive that what they are doing is wrong. They truly think that its all a big game and the winner gets the toys. They have never been exposed to a sense of moral responsibility for their family, their community, or their country. An op-ed in the NYT today about Ted Williams mentioned the fact that he interrupted his career twice to go serve his country and that that probably wouldn't happen in today's world. That is definitely the case. Could you see Dennis Rodman joining up and foregoing million dollor contracts? NOT!!! Or Mike Tyson (if they would take him)??? Our culture has changed and much for the worse. These CEO's are just a reflection of the general problem.

[harrym]

Jail would be great for these crooks. However, it will not stop the crime wave. What is needed here is a re-education of our middle and upper management people in what ethics are about. Somehow the moral relativism and situational morality of the last three decades have produced a breed of people in those positions who honestly don't know and can't perceive that what they are doing is wrong. They truly think that its all a big game and the winner gets the toys. They have never been exposed to a sense of moral responsibility for their family, their community, or their country. An op-ed in the NYT today about Ted Williams mentioned the fact that he interrupted his career twice to go serve his country and that that probably wouldn't happen in today's world. That is definitely the case. Could you see Dennis Rodman joining up and foregoing million dollor contracts? NOT!!! Or Mike Tyson (if they would take him)??? Our culture has changed and much for the worse. These CEO's are just a reflection of the general problem.