Charges Readied Against Reagan Aide Stockman

[BeatleBoot]

http://www.washingtonpost.com/wp-dyn/content/article/2007/03/20/AR2007032001648.html?sub=AR

Charges Readied Against Reagan Aide Stockman
Work at Auto Firm Questioned

By Carrie Johnson Washington Post Staff Writer
Wednesday, March 21, 2007; Page D01

Federal prosecutors are preparing to unveil criminal charges against former budget director David A. Stockman for incomplete disclosures and improper accounting practices he allegedly endorsed while at the helm of a Michigan auto parts company, according to sources familiar with the two-year investigation.

Stockman, 60, famously led the Office of Management and Budget under President Ronald Reagan, who once took him "to the woodshed" for privately expressing doubts about huge deficits at the same time he was selling the administration's budget to the public and federal lawmakers.

A grand jury indictment sought by the office of U.S. Attorney Michael J. Garcia in Manhattan and officials at the U.S. Postal Inspection Service could be revealed as early as Monday, according to the sources, who spoke on condition of anonymity because the investigation continues. The sources would not confirm whether an indictment had already been returned.

The sources said the Securities and Exchange Commission is preparing to announce a simultaneous enforcement action. The SEC has been probing the records of Collins & Aikman, the Southfield, Mich., auto parts business that Stockman led as chairman and later chief executive from 2002 until his ouster in May 2005.

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[WinkyDink]

1. You can take the Republican out of office, but you can't take the criminality out of the Republican.

[zbdent]

2. The problem is, if you want a dissertation on how Reagan totally

bankrupted this country, you have to read his book, "The Triumph of Politics".

It clearly points out that, had Reagan followed Carter's path, the deficit would have gone down, not up ... and there are plenty of references to all the Repukes torpedoing the miniscule effects of Reagan's tax cuts with all their demands ...

[Nikki Stone1]

3. AH. Mr Trickledown...

Nice to see that David Stockman continued to be the crook we all knew he was

[question everything]

4. Could not happen to a nicer person (nt)