Clinton Says Republicans Blocked His Audit Reforms

The New York Times ^ | 7/24/02 | DAVID M. HALBFINGER

[eureka!]

Clinton is getting smaller, and smaller, and smaller.

The beauty of it is that his legacy is that of a liar. Whatever he says means nothing. That the current state of the market finds its origin under his watch is known and understood by most. As to the Clymers at the Fishwrap of Record, aka Gray Whore for the DNC, *spit*. A continuing pox on their dishonest house....

[Toddsterpatriot]

— Former President Bill Clinton today hailed his own efforts

Yeah, there's a surprise.

Instead, he chided Republicans, who he said had blocked his administration's efforts to, among other things, bar accounting firms from working as auditors and consultants for the same companies.

If only we had listened to you, O Wise One, all would be well.

[wattsmag2]

Pass the buck? "The buck never got here..."

No, it was Pocket the Buck!

[anniegetyourgun]

You got it - THIS from a guy who lied to congress, lied to his lying wife, lied to a federal grand jury, lied to a judge, lied to the American people, lied to his own staff, etc. etc. etc......

When will people in this country wake up to the fact that Bill Clinton is incapable of telling the truth?

[Toddsterpatriot]

Those investors, Mr. Clinton said, disapproved of last year's tax cut and "knew it was a mistake to start running deficits again, that it would run long-term interest rates up and again undermine confidence."

I'm so tired of the theory that deficits cause interest rates to rise. Reagan ran deficits and interest rates fell during his 8 years in office. After Clinton raised taxes, interest rates rose. Why does stealing (taxing) the peoples money to "pay off" the deficit lower rates? The theory is the government is competing in the market to borrow money. The more the government borrows, the higher the rates will go. If the government instead takes the money, instead of borrowing it, how does that increase the supply of funds and lower rates.

Whenever Rubin or other Dem's say that it drives me crazy.What a bunch of economic know-nothings.

[gaspar]

If I were Clinton I would shut up about Warren Buffet. Yesterday he slammed the hell out of Lieberman for being in charge of the herd that in 1994 opened the door to the market depredations that have occurred since then.

[mewzilla]

I have four words for Bubba: the auditor independence rule.

Why did Levitt deep-six it in 1999? Why didn't Toon stick up for the SEC chairman's proposal? Inquiring minds want to know...

[steve-b]

YOU ARE NOT THE PRESIDENT ANY MORE! GO AWAY!!

[Grig]

This clown is like an ambulance chasing lawyer.

[flamefront]

Mr. Clinton again criticized Republicans in the White House and Congress when he was asked about investor confidence, suggesting that they ask the opinions of market-moving investors like George Soros and Warren E. Buffett.

Strange the biased NY Times can't even mention what Buffet wrote and was published yesterday in their same newspaper:

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?

... and signed by Clinton.

[1Old Pro]

Klintoon still trying to find a legacy. Has he slept with his wife this year yet?? Sheesh, he's no family man that's for sure.

[goo goo g'joob]

Bill Clinton today hailed his own efforts..

he ALMOST got Osama, too!

[cpdiii]

Bill Clinton is lying again as normal. If what he said was true he would site specific legislation that he tried to pass and was blocked. This is a premptive strike by Bill Clinton to divert the scandle that is coming his way again when we follow the money to the Clinton White House.

"All the perfumes of Arabi can cleanse these hands of mine"

[LisaFab]

Thanks for the good research. Yes here in CT, home of insurance and accounting, Dodd and Leiberman have done all they could to protect those two insustries by ANY MEANS possible. Where are the calls for their recusal from the investigations?

[c-five]

If he said the sky was blue, I'd have to check.

[jriemer]

1OP,

If you were in Bill's shoes, would YOU sleep with Hillary? He's evil but not stupid. jriemer

[MHT]

Sorry, Bill, it was your old friend Lieberman who was responsible for blocking efforts--ever the friend of the insurance industry and buddy of the businessman.

[unixfox]

This clown is like an ambulance chasing lawyer.

Nope, can't do that anymore either. He got his law license revoked. Remember?

[VOA]

Clinton Says Republicans Blocked His Audit Reforms

Funny, Bill Clinton didn't seem to be sermonizing about the little investor at the height of
the bull market.

I specifically remember him basking in the reflected glory of an economic boom
on his watch (no matter much of it was built on a lot of accounting fraud, besides some
true substantive gains).
In one public appearance he was praising the economic activity and how the "transparency"
of American equity markets was the envy of the rest of the world and accounted for
much of our success.

It was one of the few times that I (foolishly) agreed with Bill Clinton.

I was a fool. I should have known that every time this puke opens his mouth he lies,
intenionally or by accident.

[Saundra Duffy]

Bill Clinton is a RAPIST!