Reagan Aide Stockman Targeted in Fraud Probe

[kskiska]

Friday, September 8, 2006; A01

To old hands in Washington, David A. Stockman will always be the long-haired numbers cruncher who led the cheers for Reaganomics but nearly lost his job for privately denigrating the administration's budget at the same time he sold it to the public.

Stockman's trip "to the woodshed" with President Ronald Reagan and his denouncement of the "rosy scenario" of White House fiscal policy helped coin political phrases that linger in the capital's lexicon more than two decades after he left government.

Now the man who put one over on Congress could face far more severe consequences for possibly misleading Wall Street.

Lawyers at the Securities and Exchange Commission recently notified Stockman that he could face civil charges related to upbeat statements he made to investors two months before an auto parts company he ran sought bankruptcy protection last year, according to sources familiar with the issues who spoke on condition of anonymity because the investigation continues.

more…
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/07/AR2006090701723.html

[Joe Bacon]

1. It's the same old STOCKMANURE

The damage that liar did to America will take generations to fix!

[PurityOfEssence]

2. Once a fraud, always a fraud

I'm a laughin' with my Laffer curve...

[bvar22]

3. K&R

This deserves wider circulation!
:dem:

Kick this to the Greatest!