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Clinton Rips Bush on 90's Fraud(Hurl!)
AP ^

Posted on 07/28/2002 1:21:27 PM PDT by Suzie_Cue

Clinton Rips Bush on 90's Fraud
Sun Jul 28, 3:48 PM ET

WASHINGTON (AP) - Former President Clinton ( news - web sites) says the bull market of the 1990s bred corporate corruption but that President Bush ( news - web sites)'s laying blame on his predecessor twists the truth.

"There was corporate malfeasance both before he took office and after," Clinton told a Washington television reporter. "The difference is I actually tried to do something about it, and their party stopped it" in Congress.

"And one of the people who stopped our attempt to stop Enron accounting was made chairman of the Securities and Exchange Commission ( news - web sites)," Clinton said. "That is a fact; an indisputable fact."

White House spokesman Scott Stanzel would not respond Sunday to Clinton's specific comments but said: "There is a long-held tradition of former presidents acting in the national interests, not their own partisan interests. That long-held tradition has served the nation well, and President Bush is looking forward, not backward."

Clinton's interview was aired Friday on WJLA-TV Channel 7.

Bush was asked at a July 8 news conference whether Clinton had contributed to corporate excesses of the 1990s that have shaken the stock markets and slowed the nation's economic recovery. "No," Bush said. Asked later about controversies surrounding his new SEC commissioner, Bush said: "I think Harvey Pitt was put in place to clean up a mess."

Other White House officials have criticized the Clinton administration for letting underhanded corporate practices flourish.

Clinton also noted that Bush had blamed his effort to push Israel and the Palestinians into an overall settlement for violence that began in September 2000 and has become steadily worse.

"These people ran on responsibility, but as soon as you scratch them they go straight to blame," Clinton said in the interview. "Now you know, I didn't blame his father for Somalia ... I didn't do that.

"And I think that's not a real mark of leadership, and it's the wrong thing to do. But in this case, it's factually wrong."

Clinton said he began warning in 1998 about a gathering problem with corporate accounting practices, and when his SEC "tried to stop the Enron accounting practice of accountants being the consultants, the other party stopped us. And their main lobbyist was Harvey Pitt."

On the Middle East, Clinton said: "We had seven years of progress toward peace in the Middle East, and they tried to blame me for trouble in the Middle East. That's just what they do. Republicans have always done that. But it's bad form, and it's bad for America, and they should stop it."

The interview was taped after Clinton attended an observance to commemorate the 10th anniversary of passage of the Americans with Disabilities Act.


TOPICS: Politics/Elections
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"Now you know, I didn't blame his father for Somalia ... I didn't do that.

Was that supposed to be a shot? From slick Willie?......Ya thimk? (not a typo)

1 posted on 07/28/2002 1:21:27 PM PDT by Suzie_Cue
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To: Suzie_Cue; KLT
It was Mr. Aspin (of His Slickness's administration) that denied the armor to protect the Rangers in Mogadishu.

His Slickness is vile. He will inhabit the innermost circle of Hell!!!

2 posted on 07/28/2002 1:24:52 PM PDT by sauropod
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To: Suzie_Cue
"These people ran on responsibility, but as soon as you scratch them they go straight to blame," Clinton said in the interview.

And you ran on being "the most ethical administration" ever.

-PJ

3 posted on 07/28/2002 1:27:46 PM PDT by Political Junkie Too
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To: Suzie_Cue
"The difference is I actually tried to do something about it, and their party stopped it" in Congress.

"And one of the people who stopped our attempt to stop Enron accounting was made chairman of the Securities and Exchange Commission ( news - web sites)," Clinton said. "That is a fact; an indisputable fact."

LET'S JUST HOPE THE PUBBIES HAVE GROWN BIG ONES!! Forget being MR. NICE GUY go for the THROAT!! MAN, bubba sure does have BIG B err..BOXER SHORTS!!
4 posted on 07/28/2002 1:29:11 PM PDT by RoseofTexas
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To: RoseofTexas
Well I have received your message and agree 100%!!! No more Mr. Niceguy.
5 posted on 07/28/2002 1:34:28 PM PDT by Trueblackman
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To: Suzie_Cue
Re: Clinton said. "That is a fact; an indisputable fact."

"I did not have sexual relations . . . " <==== More FACTS ?

6 posted on 07/28/2002 1:34:30 PM PDT by ChadGore
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To: Suzie_Cue
Two words: NO CLASS!
7 posted on 07/28/2002 1:39:39 PM PDT by pittsburgh gop guy
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To: Suzie_Cue
"These people ran on responsibility, but as soon as you scratch them they go straight to blame," Clinton said in the interview. "Now you know, I didn't blame his father for Somalia ... I didn't do that.

Ah, but you would have if you could have, you mendacious little c#*ks%@k&r. But you can't, because you know that it's just another one of your lies. And as Christopher Hitchens rightly said of you, there's "...no one left to lie to."

By the time he took office, the food aid mission to Somalia was winding down. It officially ended along about April of 1993, iirc. Then a bunch of UN people got ambushed by Mohammed Farah Aidid's "technicals", and Clinton sent in the Rangers without the armor to back them up. The daylight ambush of the Rangers in October of that year was the inevitable result. He did this. That's why the father of a Medal of Honor winner refused to shake his hand at the awards ceremony.

Bill Clinton cannot escape his past. As an historian, I know this to be an ironclad truth. In his autobiography, Bill Clinton may be his own best hero. In the pages of history, however, Clinton will get an altogether different treatment.

A more narcissitic, selfish little man has never held the Presidency, at least to my knowledge.

Be Seeing You,

Chris

8 posted on 07/28/2002 1:40:33 PM PDT by section9
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To: All
I thought former office holders (ex presidents) were supposed to be non expressive after leaving office, at least most of them are!! This Clinton creep and his side kick, Hillary, are so discusting it is hard to even write about his antics. The press still loves him and that puts them in the same garbage truck with the Clintons.
9 posted on 07/28/2002 1:41:54 PM PDT by cousair
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To: Suzie_Cue; All
Well, my fellow FReepers, we've all been telling the world for years that Clinton was a disgusting, low-life, class-less piece of walking excrement.

Every time he opens his mouth these days, he merely confirms our words and warnings.

10 posted on 07/28/2002 1:43:09 PM PDT by RightOnline
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To: section9
Oh, and one last thing while I am on a rant. The White House response was perfect. They refused to get into a food fight with Bubba. Rather, they used aikido and "bent as a reed in the wind". Pointing out that they would rather not engage in partisan rhetoric, the White House deftly informed the public that they would rather look forward than backward.

The gentle scolding of Bluto was spot-on. It's like pulling the fangs out of an attacking mountain lion with one deft stroke.

Very well done on the White House's part. It is to their credit that they recognize that all Billy wants is a fight so he can act as the champion of his party. When Bluto doesn't get to fight, he doesn't get to play the self-pitying victim or the "Comeback Kid". What the White House did was akin to capturing Saddam Hussein with a squad of female Military Police. No Martyrdom for Billy!

The humiliation of it all!

Be Seeing You,

Chris

11 posted on 07/28/2002 1:47:21 PM PDT by section9
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To: cousair
I thought former office holders (ex presidents) were supposed to be non expressive after leaving office, at least most of them are!!

True, and there was a point in the 2000 campaign when Bush 41 got angry about something Clinton said and admitted it was getting hard for him to maintain the traditional non critical silence past presidents afford to the current office holder.

Carter also violated the rule around May of '01.

I'm starting to wonder if Bubba and the 'Rats are getting nervous about something we don't know yet.

12 posted on 07/28/2002 1:50:58 PM PDT by NEPA
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To: Suzie_Cue
Oh, how I wish that vile creep would just shut up and go away. I may as well wish to win the lottery while I'm at it.
13 posted on 07/28/2002 1:53:11 PM PDT by Allegra
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To: Suzie_Cue
"There was corporate malfeasance both before he took office and after," Clinton told a Washington television reporter. "The difference is I actually tried to do something about it, and their party stopped it" in Congress."

Where is his proof?

14 posted on 07/28/2002 1:55:04 PM PDT by just me
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To: RoseofTexas
Can Congress protect investors?
James Chanos, head of a leading New York short-selling firm, testified to a House committee last February that the 1995 Securities Litigation Reform Act, which shields companies from certain stockholder lawsuits, “has probably harmed more investors than any other piece of recent legislation. That statute, in my opinion, has emboldened dishonest managements to lie with impunity, by relieving them of concern that those to whom they lie will have legal recourse.”
Urged on by computer, biotech and other firms, Congress enacted the law by bipartisan margins in both houses, over-riding President Clinton’s veto.
15 posted on 07/28/2002 1:57:20 PM PDT by sell_propaganda
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To: section9
I'm pretty up to snuff about what happened in Somalia, good job btw, what I would like to hear more about,

"And one of the people who stopped our attempt to stop Enron accounting was made chairman of the Securities and Exchange Commission ( news - web sites)," Clinton said. "That is a fact; an indisputable fact."

Anybody?

16 posted on 07/28/2002 1:58:44 PM PDT by Ragin1
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To: pittsburgh gop guy
Really, only one word is necessary to say everything necessary about Clinton: @$%^^#$^$!
Jim would bust me if I used the orignal text.
Semper Fi
17 posted on 07/28/2002 2:02:10 PM PDT by river rat
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To: ChadGore

You can clearly see that the stewardess was holding his arm and his hand is between her legs. He pulled it back quickly when he spotted the camera... you can see his eyes looking up. (she's biting an apple Bubba just gave her.) The liberal press covered this up.
This is part of a film... I have the clip. Next to that photo, he was photographed gawking at a woman's boobs.

BTW= The stewardess he was groping in that photo later went on to a high paying Whitehouse job for which she was totally unqualified... kind of like Monica. She and her friend had sex with Bubba at 35,000 feet. Satan is very satisfied with the job his b@stard son has done.

Thanks Matamoros!

Good Riddens Bill Clinton...You're just jealous!


18 posted on 07/28/2002 2:04:15 PM PDT by KLT
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To: Suzie_Cue; Grampa Dave; kristinn; tgslTakoma; staytrue; Angelwood; Gore_ War_ Vet; ...
Ping Y'All


19 posted on 07/28/2002 2:06:14 PM PDT by KLT
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To: sauropod

20 posted on 07/28/2002 2:09:00 PM PDT by KLT
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To: Suzie_Cue
Slick Willy is "Narcissistic Personality Disorder", sick, sick sick! Nine symptoms are:

1) Grandious idea of self importance. Expects to be recognized as superor.

2) Preoccupied with fantisies of Unlimited Power, Brilliance, Beauty.

3) Believes himself especially Unique and can only be understood by other Unique people, High Status or Special.

4) Requires excessive admiration, attention.

5) Sense of entitlement, Unreasonable expectations of especially favorable treatment and automatic compliance with his expectations. Reacts with Explosive Anger when criticized.

6) Exploits others, takes advantage to achieve own ends.

7) Lacks empathy.

8) Envious, believes others envious of him

9) Arrogant, haughty.

And there are TWO of them with the same disorder! Double Trouble.

21 posted on 07/28/2002 2:20:06 PM PDT by wingnuts'nbolts
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To: Suzie_Cue
Considering how much of the woes of the world were laid at the doorstep of the "Former Occupant of the Oval Office, 1993-2001", it is hardly surprising he does not now accept any blame for the current economic mess. He never accepted responsibility for much of what he had been involved in earlier, either. But that never stopped his criticize machine.

Not much does.

Perhaps it was just wrong to raise doubts about his job performance. First of all, you should show some competence for being able to do a job. He was simply overwhelmed by the sheer magnitude of the duties demanded of him, and shirked from applying himself to any significant part of the discharge of the Office of the Presidency. He may have occupied the office, but he darned well never served as President.

22 posted on 07/28/2002 2:23:43 PM PDT by alloysteel
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To: sell_propaganda
"White House spokesman Michael McCurry neatly summed up the president's dilemma when he said, "Some of our friends support this [the bill] and some of our friends oppose it; and we will stand by our friends."

for the rest of the story

23 posted on 07/28/2002 2:40:38 PM PDT by just me
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To: KLT

24 posted on 07/28/2002 2:42:10 PM PDT by Paul Atreides
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To: section9
Bill Clinton cannot escape his past. As an historian, I know this to be an ironclad truth. In his autobiography, Bill Clinton may be his own best hero. In the pages of history, however, Clinton will get an altogether different treatment.

Unless the biographer is plagiarist Doris Kearns Goodwin. For the future, I hope that some objective, balanced political historians will be out there, and that they all won't be products of left-wing university history departments.

25 posted on 07/28/2002 2:42:40 PM PDT by CedarDave
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To: KLT

26 posted on 07/28/2002 2:43:27 PM PDT by Paul Atreides
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This guy is a joke! Most former Presidents take on roles that make them look noble but low-key. This clown looks stupid running around making excuses for his 8 years as President. With new excuses coming everyday, most Americans will start to believe that the Clinton Presidency was faulty, even though some of them had no opinion of it beforehand.
27 posted on 07/28/2002 2:44:47 PM PDT by willgetsome
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To: KLT; tinacart; Slyfox; ErnBatavia; doug from upland; Boxsford; martin_fierro

28 posted on 07/28/2002 2:45:05 PM PDT by Paul Atreides
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To: section9
Well, but.....Clinton is single handedly restoring the reputation of Warren Gameliel Harding if only by comparison....that at least is something.

Regards,

29 posted on 07/28/2002 2:48:03 PM PDT by Jimmy Valentine
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To: Allegra
Oh, how I wish that vile creep would just shut up and go away.

Imagine what fun it would be to help him reenact Paul Newman's staircase scene, from Alfred Hitchcock's Torn Curtain!

30 posted on 07/28/2002 2:54:15 PM PDT by Paul Atreides
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To: Suzie_Cue
On the Middle East, Clinton said: "We had seven years of progress toward peace in the Middle East, and they tried to blame me for trouble in the Middle East. That's just what they do. Republicans have always done that. But it's bad form, and it's bad for America, and they should stop it."

PLEASE DEAR GOD IN HEAVEN, how much more must we endure.? Either turn him into stone or give him so much air time that every single American comes to despise the mention of his name. One or the other. Just please spare us from this drip drip blathering.

31 posted on 07/28/2002 2:55:20 PM PDT by small voice in the wilderness
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To: section9
And as Christopher Hitchens rightly said of you, there's "...no one left to lie to."

As this Time article shows, David Schippers first coined the phrase........

But no Republican, not even Ken Starr, cut through the President's mortar as efficiently as David Schippers, a Democrat hired by Hyde as majority counsel. In an angry, sarcastic and merciless presentation delivered in a penetrating Chicago twang, Schippers drilled holes in Clinton's words, deeds and character, arguing that the President had lied repeatedly under oath, obstructed justice by helping Lewinsky get a job and encouraged everyone around him to do the same. "He lied to the people, he lied to his Cabinet, he lied to his top aides, and now he's lied under oath to the Congress of the U.S. There's no one left to lie to."

32 posted on 07/28/2002 2:55:23 PM PDT by hole_n_one
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To: Paul Atreides
ROTFLOL, Paul..that is hysterical...
33 posted on 07/28/2002 2:57:34 PM PDT by KLT
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To: Paul Atreides
BWAHAHAHAHAHAHAHAHA! OMG...I almost couldn't make it to the bathroom!
34 posted on 07/28/2002 2:58:23 PM PDT by KLT
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To: hole_n_one
Schippers closing arguement transcript
35 posted on 07/28/2002 3:00:54 PM PDT by hole_n_one
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To: Paul Atreides

36 posted on 07/28/2002 3:01:35 PM PDT by KLT
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To: hole_n_one
You're point is well taken, sir. I commend you for pointing out that it was Schippers, not Hitchens, who came up with the damning phrase.

Be Seeing You,

Chris

37 posted on 07/28/2002 3:06:29 PM PDT by section9
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To: Suzie_Cue
"The difference is I actually tried to do something about it, and their party stopped it" in Congress.

"And one of the people who stopped our attempt to stop Enron accounting was made chairman of the Securities and Exchange Commission ( news - web sites)," Clinton said.
"That is a fact; an indisputable fact."

Oh, never mind.

38 posted on 07/28/2002 3:11:24 PM PDT by Fintan
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To: KLT
LOL!! I remember her. She was an mutated extra in Total Recall.

Leave it to Bubba to hire her!

39 posted on 07/28/2002 3:11:40 PM PDT by Paul Atreides
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To: Suzie_Cue
I wish I could say what is going through my mind right now.

Wouldn't be prudent.

40 posted on 07/28/2002 3:25:28 PM PDT by mombonn
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To: mombonn
I know just how you feel. Someone needs to market Bill and Hillary voodoo dolls.
41 posted on 07/28/2002 3:38:48 PM PDT by Paul Atreides
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To: Suzie_Cue
What a"LOW-LIFE"!!I personally BLAME all of you"Sheeple"that voted for this piece of SH*T!!!
42 posted on 07/28/2002 4:57:15 PM PDT by bandleader
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To: Paul Atreides
dos this mean his vision will come back if he stops wanking?

The beginning of thread is remindful, by the way, of how Mr. Bill was so self - centered....."I, I, I,...My, my, my....Me, me, me"

43 posted on 07/28/2002 4:57:51 PM PDT by ErnBatavia
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To: ErnBatavia
The beginning of thread is remindful, by the way, of how Mr. Bill was so self - centered....."I, I, I,...My, my, my....Me, me, me"

Well, his whole life IS an exercise in masturbation, literally, as well as figuratively.

44 posted on 07/28/2002 5:04:27 PM PDT by Paul Atreides
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To: ErnBatavia

45 posted on 07/28/2002 5:07:59 PM PDT by Paul Atreides
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To: Paul Atreides
I know just how you feel. Someone needs to market Bill and Hillary voodoo dolls.

Voodoo doesn't work. If it did, bill would be stuffing his finger up his monkey a$$ while hillary was picking and eating the lice off his mangey monkey love handle.

46 posted on 07/28/2002 5:10:56 PM PDT by small voice in the wilderness
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To: Suzie_Cue
"That is a fact; an indisputable fact."

The 'toon is getting cranky now that his daily intern services are gone. Hey scumbag, depends on the meaning of "is", go away, very far away.

47 posted on 07/28/2002 5:22:35 PM PDT by VRWC For Truth
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To: KLT
please remove me from your ping list.

I'd rather not see photos like that.
48 posted on 07/28/2002 6:05:41 PM PDT by d4now
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To: Suzie_Cue
"There was corporate malfeasance both before he took office and after," Clinton told a Washington television reporter. "The difference is I actually tried to do something about it, and their party stopped it" in Congress.

Wrong, Billy. That title goes to Christopher Dodd (the head of the DNC at that time) and Joseph Lieberman. Here are excerpts from Frontline:

HEDRICK SMITH: Pressed by the high tech and accounting industries, the House and Senate passed the bill by large majorities. But President Clinton vetoed it, asserting that it would close the courthouse door on investors with legitimate claims. Some Senate Democrats rallied behind their president.

Sen. RICHARD BRYAN (D-NV): [Senate floor debate, December, 1995] It's safe to say that crooks will be emboldened, investor confidence in our markets will go down, and defrauded investors will not be compensated.

HEDRICK SMITH: But what happened next stunned observers.

Sen. CHRISTOPHER DODD (D-CT): But I believe that the override is the proper course to follow here.

HEDRICK SMITH: Senator Chris Dodd of Connecticut, then head of the Democratic National Committee, led the effort to overturn Clinton's veto.

Sen. CHRISTOPHER DODD: It is with a deep sense of regret that I'm on the opposite side of my president on this issue.

CHARLES LEWIS, Center for Public Integrity: Chris Dodd, here he is, he's Chairman of the Democratic Party, but he's also the leading advocate in the U.S. Senate on behalf of the accounting industry. And he helps overturn the veto of his own president, who installed him as Democratic chairman. Chris Dodd might as well have been on the accounting industry's payroll. He couldn't have helped them any more than he did as a U.S. senator.

HEDRICK SMITH: By way of thanks, the accounting industry gave Senator Dodd nearly one quarter of a million dollars in political donations, even though, at the time, Dodd was not up for reelection.

... second excerpt

HEDRICK SMITH: From all over the country, CEOs descended on Washington to beat back FASB.

SARAH TESLIK, Council of Institutional Investors: It was one of the most impressive lobbying efforts on earth. It was protecting CEOs' pay packages.

HEDRICK SMITH: [on camera] It was what?

SARAH TESLIK: Protecting CEOs' pay packages.

HEDRICK SMITH: So that's why it generated such enormous heat?

SARAH TESLIK: I mean, there's nothing in CEOs' salaries that compares to the numbers of CEO stock options. It was protecting CEOs' pay package. They were out in force.

Sen. JOSEPH LIEBERMAN (D-CT): [Senate floor, May 3, 1994] What's on the line here really is the future of jobs in this country.

HEDRICK SMITH: [voice-over] Corporate America turned to friends on Capitol Hill, like Senator Joe Lieberman of Connecticut.

Sen. JOSEPH LIEBERMAN: Silicon Valley companies came to me at that time and said, "We need to use these stock options to lure the brilliant minds from the big companies that are paying them the kinds of salaries we can't pay them because we're going to give them a stake in the company."

ARTHUR LEVITT, SEC Chairman (1993-2001): I don't buy that argument one single bit.

HEDRICK SMITH: Arthur Levitt, President Clinton's new chairman of the SEC, was a Wall Street veteran and former head of the American Stock Exchange.

ARTHUR LEVITT: If it takes a stock option to induce an employee or an executive to come to a company and that stock option has to be represented as a cost on the balance sheet, in my judgment, America's executives are going to pay that price.

Sen. JOSEPH LIEBERMAN: Stock options are a remarkable and uniquely American device for-

HEDRICK SMITH: Senator Lieberman, echoing the accountants, also contended that the cost of options was impossible to calculate.

Sen. JOSEPH LIEBERMAN: The concern that I had back in '93 and '94, that I still have, is how do you accurately value an option on the day it's granted?

HEDRICK SMITH: [on camera] Companies don't have any trouble figuring out how much options cost them when they list them on their tax returns to reduce their taxes.

Sen. JOSEPH LIEBERMAN: Well, you know, that's a separate question which is an- an important question. Usually, that's done and it's done more- more effectively at the time they're exercised.

HEDRICK SMITH: Why would Lieberman of Connecticut be so desperately interested in this to take the lead?

SARAH TESLIK: Well, the insurance companies in Connecticut and the accountants are heavily based in Connecticut. FASB is in Connecticut. Both Senator Lieberman and Senator Dodd have historically been very protective of accountants and very protective of executives. Even though they talk a good liberal Democratic line, if you look at the votes and you look at the actions, it's not there.

HEDRICK SMITH: [voice-over] Led by Senator Lieberman, the Senate passed a non-binding resolution in May, 1994, condemning the FASB proposal by a lopsided 88-to-9 vote.

JIM LEISENRING: It wasn't an accounting debate. We switched talking from about whether, "Have we accurately measured the option?" to things like, "Western civilization will not exist without stock options," or that there won't be jobs anymore for people without job- without stock options. People tried to take the argument away from the accounting and over to be just plainly a political argument.

HEDRICK SMITH: [on camera] Why is the Senate voting 88 to 9, or something like that?

ARTHUR LEVITT: There was no question campaign contributions played the determinative role in that Senate activity, and the Congress was responsive to that.

HEDRICK SMITH: [voice-over] In fact, since 1990, the accounting industry has given over $43 million to candidates for Congress, including nearly $6 million in 1994, during the battle over stock options. When Republicans took over the House with a pro-business agenda that fall, threats to FASB escalated.

[on camera] Was the congressional pressure, in effect, a threat to the independence and even the financial-

JIM LEISENRING, FASB Vice Chairman (1988-2000): No, I would say it was a threat to the existence of the FASB. The threats were to our existence.

ARTHUR LEVITT: My concern was that if Congress put through a law that muzzled FASB, that would kill independent standard-setting. So I went to FASB at that time, and I urged them not to go ahead with the rule proposal.

[www.pbs.org: More on the stock option debate]

HEDRICK SMITH: [voice-over] Levitt and FASB retreated. FASB passed a rule that the cost of stock options should be disclosed, but only in the small-print footnotes of corporate reports.

ARTHUR LEVITT: It was probably the single biggest mistake I made in my years at the SEC.

49 posted on 07/28/2002 7:22:49 PM PDT by PhilipFreneau
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To: KLT
I will probably never forgive you for not putting a "PUKE" Alert on that!!!

Good God Woman... at least a warning!!!

50 posted on 07/28/2002 7:37:47 PM PDT by Nitro
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