Bush Shafts Enron Victims

[Joanne98]

http://www.tompaine.com/articles/2007/06/14/bush_shafts_enron_victims.php
Bush Shafts Enron Victims
Robert L. Borosage
June 14, 2007
Robert L. Borosage is co-director of the Campaign for America's Future. This article first appeared in The Huffington Post.

Wall Street’s investment banks just got another one step closer to making defrauding investors an accepted line of business. And Enron’s employees who lost their pensions and the small investors who got fleeced in the Enron frauds just got shafted again—this time at the urging of President George W. Bush.

Wall Street’s most powerful investment banks and their friends in high places lobbied the U.S. Solicitor General Paul Clement to reject the recommendation of the Securities and Exchange Commission that the Justice Department support defrauded investors in their appeal to the Supreme Court.

The case before the Supreme Court is called Stoneridge v. Scientific-Atlanta, but the Court decision will directly impact the millions of victims of Enron's collapse—and say much about the honesty of U.S. markets.

Briefs in support of the defrauded investors were filed by dozens of state attorneys general, by the Council of Institutional Investors and some of the nation’s largest pension funds whose investments are at risk if Wall Street banks can concoct fraudulent schemes with impunity. Yet, in an unprecedented failure to meet his responsibilities to the public, Solicitor General Clement, who represents the United States before the Court, decided to punt.

Clement is not exactly a neutral party. He’s a star of the right-wing bar. He clerked for Laurence Silberman and Antonin Scalia, among the most partisan and reactionary judges of our time. He served as an aide to Sen. John Ashcroft. He is an activist in the right-wing Federalist Society that seeks a return to 19th century jurisprudence.
http://www.tompaine.com/articles/2007/06/14/bush_shafts_enron_victims.php

[BlackHawk706867]

1. So when the hell are the American people going to rise up...

and put a stop to this lunatic? This is such BS and should not be tolerated...

ww

[Joanne98]

2. Americans have "wife beater syndrome"!

[Double T]

3. Not ALL of us!!

Let's begin the revolutionary rebellion!!

[BlackHawk706867]

4. Well someone needs to cause things are just getting way beyond

reason.... At this point the Country seems to be beyond recoverable... I think if the real truth were known about the financial state of affairs, you would be hanging an out of business sign on the door.

ww

[Double T]

5. I agree with you on all your points. Eventually the talk will lead to actions............

and then there will be a chance at saving our 'beyond recoverable' nation from its complete demise.