Posted on 07/11/2002 2:31:17 PM PDT by Hillary'sMoralVoid
It seems that the SEC is probing everyone these days, why did we hear so little about SEC probes under Clinton? Is there data available suggesting that the Bush administration has been more agressive with the SEC than Clinton?
Press Release New York's Senator
CHARLES E. SCHUMER
FOR IMMEDIATE RELEASE November 15, 2000
SCHUMER APPLAUDS NEW SEC RULE ON AUDITOR INDEPENDENCE
Schumer Worked With SEC and Accounting Firms To Negotiate Changes To Commission's Initial Proposed Rule To Make It Acceptable To Both Sides
US Senator Charles E. Schumer today applauded the approval of a new rule governing the independence of accounting firms by the Securities and Exchange Commission (SEC). Schumer played a critical role in bringing the SEC and accounting firms together to negotiate changes to the commission's initial rule proposal and craft a compromise that was acceptable to both sides.
"There was a broad stretch of middle ground here and it looks like they found it," said Schumer. "The SEC's rule change will promote investor confidence while ensuring that accounting firms are able to engage in appropriate lines of business."
The SEC initially proposed a rule that would have banned certain consulting practices for accounting firms who acted as auditor. The firms opposed this rule, arguing that there was no evidence that audit failures resulted from providing these services to audit clients. Schumer worked with both sides to find a middle ground between a full scale ban and simple disclosure.
Of course the Clinton Crime Gang didn't use the SEC to go after companies. They WANTED unchecked fraud, if that's what it took, to boost the stock market under Clinton. That way the deliterious effects of the massive tax increases of 1993 could be disguised (Clinton was determined to not be another Jimmuh Cahtuh).
Then, they just joined in the fun with Global Crossings - and who knows what other companies - with pure T fraud as we are seeing today.
By the way - speaking of financial disclosures.
Those who followed the Vince Foster murder know that Mr. Foster was charged with filing the Clinton financial disclosure forms which were supposed to be done by January, 1993. As of Foster's death, those forms had not yet been submitted. Why? Likely because all the Clinton drug money had not yet been hidden properly - OR - Mr. Foster was from the start reluctant to hide it as he was being instructed to do. He either told them - get some other stooge to do this, I won't (I'll leave Washington first) - OR he was so distressed over what happened at Waco that he expressed his revulsion too loudly ....we'll never know. What we do know is those financial papers that Clinton was supposed to file - WERE NOT FILED ON TIME!!!!
And, I am sure, when they were filed, they were not factual. But, again, we'll never know.
It's just that in the era of making companies and politicians be honest about their financial dealings - we must must must always always always go back to the Clinton Crime Gang and all its entourage and trapse before the watching world the truth of the financial shenanigans that were happening (the ones we know about) under Clinton.
They are the masters at financial fraud - and election fraud - and all other fraudulent procedures - because their very existance in the political world is based on LIES, DECEIT, and "Hillary's Moral Void"!!!! :-)
"Occidental Appoints KPMG Auditor
LOS ANGELES, March 22, 2002 -- Occidental Petroleum Corporation (NYSE:OXY) today announced that its Board of Directors has appointed KPMG as the company's independent auditor for 2002, replacing Arthur Andersen, LLP. Dr. Ray R. Irani, chairman and chief executive officer of Occidental, said, "The Andersen team that has served Occidental provided outstanding audit services and met our high standards during the course of a long and highly professional relationship."
Occidental Petroleum Corporation is one of the world's largest independent oil and natural gas exploration and production companies with operations concentrated in the United States, the Middle East and Latin America. Through its chemical subsidiary, OxyChem, Occidental also is a leading North American manufacturer and marketer of basic chemicals and certain performance chemicals. In 2001, Occidental reported net income of approximately $1.2 billion on net sales of $14 billion.
It seems that Andersen had all kinds of inroads to the Gored Clinton administration. Here's that story:
Glover Park Group
The September 11 attacks mortally wounded network television ad sales. So it was no big surprise when NBC, a unit of General Electric, announced it was closing time for its 50-year-long ban on liquor ads at the end of last year. What is surprising, however, was which firm Diageo Plc, the United Kingdom-based spirits company that owns popular brands like Guinness, Smirnoff and Johnny Walker, went to in order to produce its prime-time commercial for NBC: Instead of going with a glitzy Madison Avenue agency, Diageo hired Washington insiders Joe Lockhart, Mike Feldman and Carter Eskew to get the drink-Smirnoff-but-drink-safely message across.
The three Democratic spinmeisters joined forces this summer and launched the DC-based Glover Park Group, a small communications-consulting firm that specializes in issue advertising. At the time, Lockhart, a Clinton White House press secretary; Feldman, who was a senior advisor to Vice President Al Gore; and Eskew, chief strategist for Gore's presidential campaign, were all taking some time off. "We all decided it was time to get serious," says Lockhart, who quit his job as press secretary to flack for Oracle's Larry Ellison - but returned to DC in May 2001 because he said he found bisexual life to be too grueling. (Couldn't possibly have had anything to do with Larry Ellison being too grueling, we're sure.)
The nascent firm has already created ads for Bob Dole and Bill Clinton's philanthropic collaboration; eBizJets, a Boston, MA-based airline; and various do-gooder groups. But Diageo's name is conspicuously absent on the "Who We've Worked With" section of the Glover Park Group's website.
Asked about the controversial prime-time liquor campaign, Lockhart says, "We are referring all calls about that to Guinness…. We are not discussing that campaign." Lockhart adds that there are at least three new deals that his firm is working on but is similarly unable to talk about them. "Clients are funny that way," he says.
FYI, some other names on Lockhart's client list include WorldCom & Andersen.
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