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"A comprehensive, collaborative elections resource."
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Was Enron Just a Dream?
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| Contributor | RP |
| Last Edited | RP Jun 24, 2005 06:19pm |
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| Category | Commentary |
| Media | Newspaper - Los Angeles Times |
| News Date | Saturday, June 18, 2005 12:00:00 AM UTC0:0 |
| Description | Remember Enron? In calendar years, the scandal occurred just three years ago, but in political time it's been eons. Back then, in the wake of news reports showing how Enron had fleeced its investors and put its employees at risk, the public was up in arms.
"Suddenly there may be a political price to pay for not acting," the New York Times reported. President Bush professed "outrage" over the scandal and declared support for reforms.
Those days are long over. Today, all the pressure comes from business lobbyists who chafe at tough new restrictions and the Securities and Exchange Commission breathing down their necks. They yearn for the good old lax pre-Enron days. And Rep. Christopher Cox (R-Newport Beach), Bush's nominee to head the SEC, is just the man to give it to them.
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