July 10, 2002
Crooked America Files #1: "These people are all thieves" - Michael Moore
In an email I received yesterday from "Ariel Ky" <email@example.com>, she wrote: "I saw two articles today, one in my local newspaper, the Oakland Tribune, and one in the Japan Times, both holding Bush up to adverse scrutiny. I found myself laughing out loud, I was so delighted with the header, "Bush Defends Himself" for an article scrutinizing insider trading that he was guilty of. His going after corporate executives to not be so greedy is rather like putting the fox to guard the henhouse. In the Japan Times, there was an editorial with the headline, "The Ugly American", criticizing Bush as a leader trying to put himself above the law because of his obstruction of the creation of an International Criminal Court unless he can get blanket immunity for Americans. It's the first time I've seen any Japanese newspaper so agressively criticizing an American president, and the Japan Times is usually quite a conservative paper, that is, a government mouthpiece. That's why I feel that we are starting to see the turning of the tide. Both articles, not so earthshaking, either one by itself, but together on one day, quite significant. Do we have a strategy for starting a lot of fires that keep Bush on the defensive and off balance from pursuing his own agenda for the oil industry?"
Well I spent part of this day compiling what I could find to help shed some more light on all the shady dealers at the helm of the most powerful - and destructive! - nation on Earth. And I'm thus beginning a new series on this topic.
This should be quite interesting...
Earth Rainbow Network Coordinator
"The great enemy of clear language is insincerity. Political language is designed to make lies sound truthful and murder respectable."
- George Orwell
1. Crime And The President's Restatement Of Yearnings
2. Markets Dump Bush Stock: A response to Bush's corporate accountability speech
3. GW'S PLAN TO EXPOSE' CORPORATE MISCONDUCT
4. Michael Moore in the next to last Politically Incorrect show
Gephardt Statement on Corporate Accountability (9 July, 2002)
(...) The opportunity for bipartisan reform is being met by opposition from special interests, Republicans in Congress, and an administration that offers tough talk without meaningful legislative action. So far, the administration's approach has been a familiar strategy: use harsh rhetoric to condemn wrongdoers while delaying and watering down whatever reforms might come out of Congress. CLIP
All the President's Enrons (6 July, 2002)
(...) Mr. Bush keeps saying all the right things. He is "deeply concerned." He will "hold people accountable." But words, like stocks, lose value when nothing backs them up. It is now more than six months since the president promised "a lot of government inquiry into Enron." Since then, Playboy has done a better job of exposing the women of Enron than the Bush administration has done at exposing its men. Just as the Justice Department rounded up some 1,000 alleged Sept. 11 suspects and failed to indict a single one of them for terrorist activity, so it has made a big show of its shaky Andersen conviction while failing to indict a single Enron executive or individual Andersen accountant. (...) WorldCom is a political boon to the president because it allows him to moralize about epic-scale crime without mentioning Enron, Halliburton or Harken. But the Enron bomb hasn't been defused. Its next detonation may come the day someone outside the administration unearths the as-yet mostly secret names of those buddies of Enron executives who were let into the hundreds of side partnerships that overnight yielded multimillion-dollar plunder on nominal stakes (with ordinary stockholders left paying the bill). "Not in memory has a single major company grown so big in tandem with a presidential dynasty and a corrupted political system," wrote the Republican political analyst Kevin Phillips in The Los Angeles Times five months ago, tracing Bush family favor-swapping with Enron back to 1988 and likening Enron's potential damage to that of the Harding administration's Teapot Dome scandals. "The question now is whether what went up together will come down together." CLIP
Bush Brushes Off Question About His Business Past http://www.truthout.org/docs_02/07.06D.bush.brush.htm
The Loyal Opposition: Our Insider President
Bush Owes His Wealth -- And Office -- To Political Connections by David Corn - The bottom line of the recent business scandals: the rules aint the same for corporate high-flyers as for everyone else. And Bush is not well-positioned to deal with this problem. After all, he is president because of insider capitalism.
Digging For Dirt On The Bush Clan?
Did you know that Prescott Bush was once fined for doing business with the Third Reich? Or that George W. Bush's first oil venture -- Arbusto -- was funded largely in part by one of the seventeen brothers of Osama Bin Laden? Or maybe you're interested in digging up some dirt of your own on the Bush dynasty? If so, we advice that you check out Bushology Interactive, a regularly-updated service providing links to public-information sources for those investigating members of the Bush family and their political and financial interests. It's all verifiable information; no conspiracy theories or anything like that.
No SEC Questions Yet for Cheney (July 1)
WASHINGTON -- Vice President Dick Cheney, who ran Halliburton Co. when it adopted accounting practices that now are the subject of a federal inquiry, has not been contacted by Securities and Exchange Commission investigators. The investigation of Halliburton is more than one month old and SEC Chairman Harvey Pitt said over the weekend that Cheney is not immune to inquiries. But vice presidential spokeswoman Jennifer Millerwise said Monday the agency has not approached Cheney for an interview or documentation. CLIP
No One Is Above The Law - Cheney In The Hot Seat
Vice President Dick Cheney and Halliburton Co., the oil company he ran for five years before becoming vice president, are being accused of accounting fraud by Judicial Watch, the conservative watchdog group that previously sued for access to Cheney's energy taskforce records. The SEC hasn't filed any charges against Cheney or Halliburton, but Judicial Watch is alleging that the company knowingly defrauded investors by reporting cost overruns on construction jobs as profits, a practice for which Halliburton has drawn only minimal scrutiny from the SEC. Judicial Watch chairman and general counsel Larry Klayman had this to say on June 9: "Were looking to hold Vice President Cheney and others accountable. We have no faith in the Bush administration and we have no faith in the Securities and Exchange Commissions investigation.
Judicial Watch to Sue Cheney, Halliburton (Jul 9)
WASHINGTON (Reuters) - A public interest law firm said on Tuesday it would file a shareholder lawsuit alleging Vice President Dick Cheney and the company he ran for five years, Halliburton Co., engaged in accounting fraud. The Dallas-based company said in May that the U.S. Securities and Exchange Commission is investigating how the company accounted for cost overruns on construction jobs. The law firm Judicial Watch, which has also sued for access to records of Cheney's energy task force that drew up the Bush administration's energy policy last year, said it would file the lawsuit on Wednesday. Judicial Watch said President Bush's rush to crackdown on corporate fraud seemed intended to deflect attention away from his and Cheney own business practices. CLIP
Complaint Filed Against Halliburton, Vice President Dick Cheney, and others - See the complaint as filed (Jul 10, 2002)
Anti-corruption group sues Cheney (Jul 10, 2002)
Cheney sued for stock fraud (Jul 10, 2002)
INVESTIGATIVE REPORT: Cheney Led Halliburton To Feast at Federal Trough (July 10, 2002) http://www.public-i.org/story_01_080200.htm
State Department Questioned Deal With Firm Linked to Russian Mob
DIRT ON DICK CHENEY?
The former boss at Halliburton and U.S. Vice President has blood on his hands and an environmental reputation to make Bush blush. Find out about the Oil Man...
Dick Cheney Needed to Come Clean; Why Joe Lieberman Didn't Out Him. (10/06/2000) http://www.tompaine.com/feature.cfm/ID/3728
In the best exchange of the night, Cheney claimed that the government didn't have anything to do with the improvement in his fortunes over the last eight years. Oh, really? (...) In part through trading on his personal relationships with government officials and buying influence through contributions to politicians, Cheney reportedly expanded his personal fortune to approximately $50 million while chairman and chief executive officer of Halliburton. CLIP
THE CAMPAIGN ISSUE THAT WASN'T (November 13, 2000)
Cheney's oil company in shady business deals with Iraq. Cheney left Halliburton with a $34 million retirement package.
White House Stonewall: Day 136 & 137 (July 10)
The White House Stonewall goes on, as the Bush administration continues to deny the non-partisan General Accounting Office's request for information on who the White House Energy Task Force met with while formulating national energy policy. For the first time in history, the GAO has sued the executive branch for access to the records. It has been 136 days since the GAO filed their suit against the Bush administration and 428 days since the White House first received the GAO request. Why is the White House going to such lengths? What are they trying to hide?
Bush Defends Sale of Stock and Vows to Enhance S.E.C. (July 9)
Secretive Group Re-emerges With Advertising Hostile to Bush
WASHINGTON, July 9 - A small, secretive group that used television advertisements to attack George W. Bush during his campaign for president has re-emerged to point to links between oil companies with questionable accounting practices and the Bush administration. The group, American Family Voices, paid for a 30-second commercial that will be shown until Thursday on cable news programs here and in New York. The commercial calls President Bush "sly like a fox" for talking down his dealings with Harken Energy, an oil company on whose board he once sat. CLIP
In-depth coverage about Bush Administration
Also from http://www.tompaine.com/feature.cfm/ID/5943
Crime And The President's Restatement Of Yearnings
By Arianna Huffington
Tuesday, 9 July, 2002
Every scandal, it seems, produces at least one classic and defining euphemism -- a judiciously chosen word or phrase diligently employed to sugarcoat the sour reality at hand. In Watergate, it was press secretary Ron Ziegler's mechanical assertion that all his previous statements were "inoperative." In Vietnam, it was the military's use of "friendly fire" to soften the dreadful truth of soldiers killed by their own side.
And now we have corporate America's glittering contribution: "restatement of earnings." It sounds so innocuous and benign. Possibly even a good thing. Earnings are good after all. And "restating" is just the boardroom equivalent of asking for a do-over on the playground. It connotes a slip of the tongue, a wrongly chosen word, a failure to carry the 1 when doing your math homework. What it doesn't sound like is, well, what it is: out-and-out fraud involving the fleecing of billions of dollars from shareholders and pension funds.
But that's the beauty of our endlessly flexible English language: defrauding investors to the tune of $3.8 billion, as WorldCom did, can be passed off as nothing more than a harmless "earnings restatement." This same linguistic legerdemain allowed Xerox to lie to shareholders about $6.4 billion dollars in revenue and present it as "a restatement."
Indeed, a Xerox spokeswoman blithely dismissed the accounting scam, saying: "There's no revenue that is going away. It's just going from one place [in Xerox's books] to another." But be forewarned: that level of weasel wordplay is for professionals only. If you don't believe me, just try saying something like that to the IRS the next time you decide to shift some moolah from the "income" to the "deductions" side of your tax return.
Of course, the reason these companies can get away with both the euphemisms and the fraudulent practices they seek to hide is because the government clearly doesn't take corporate crime seriously. How else can you explain the fact that Xerox, which was hit with a $10 million fine -- the largest financial penalty ever levied by the SEC -- did not even have to admit any wrongdoing?
The rapacious shareholder swindles perpetrated by WorldCom and Xerox are merely the latest outbreaks of an epidemic of fraud. Restatement of earnings has become the Ebola virus of corporate America, with close to 1,000 U.S. corporations restating their earnings since 1997. (Which means, I suppose, that Xerox could argue that it was merely copying others.) And Wall Street expects a flood of restatements in the next few weeks as CEOs scramble to come clean before a new rule takes effect in mid-August forcing them to swear under oath that their company's books are accurate.
And how is the Bush administration responding to this corporate crime wave? Apparently by screening a lot of classic movies at the White House.
Watching the president unleash his newfound "outrage," coming after months of silence and ho-hum shrugs, conjures up the image of Louis, Claude Rains' police chief in "Casablanca," announcing that he is "shocked, shocked!" to find that gambling has been going on in Bogie's joint -- just seconds before picking up his winnings from the previous night.
After all, phony-baloney accounting tricks at Harken Energy helped Bush collect winnings -- make that "earnings" -- of $848,560 in 1990 on an insider transaction his father's SEC investigated but ultimately declined to prosecute. All he needs now is Rains' pencil thin mustache and Brit-doing-a-Frenchman accent. And given the fact that the SEC is currently investigating accounting tricks at Halliburton under former CEO Dick Cheney, one can easily picture Rick and Louis -- I mean, Dick and Georgie -- ambling off down the tarmac at Dulles after dispatching their underlings to "round up the usual suspects" and embarking on what promises to be the continuation of a beautiful -- i.e. highly profitable -- friendship.
You can tell the president's heart isn't really in his new tough rhetoric. Take his recent call on corporate executives not to "fudge the numbers." Given the daily revelations of corporate criminality and its devastating impact -- on jobs, savings, and faith in our economy -- admonishing crooked CEOs not to "fudge the numbers" is like suggesting that suicide bombers not "spoil the day" of their intended victims.
The President himself revealed the desultory nature of his commitment to cleaning up the corporate sewer at a fundraiser late last month: "Let me tell you how strongly I feel about this," he said. "I believe if somebody is running a corporation, if somebody has got responsibilities to shareholders and employees, they have the responsibility to be above-board at all times, to be frank and honest with all numbers." Wow -- that is strong. What is he going to come out in favor of next: the butcher keeping his thumb off the scale when he weighs your rump roast? The supermarket cashier giving you the right amount of change when you pay for your groceries? Students not cheating on a pop quiz?
And what are we to make of SEC chairman Harvey Pitt's utterly unconvincing attempts to paint himself as a combination of Dirty Harry and Howard Beale? The same corporate mouthpiece who once authored a white paper arguing against government efforts to eliminate conflicts of interests among corporate accountants, and who continued to meet privately with former clients under SEC investigation even after taking office, now wants to be seen as the "very tough cop on the beat."
Like a wannabe Clint Eastwood, he reacted to the WorldCom revelations with his best tough guy snarl: "Criminal charges may be too good for the people who brought about this mess." What does he have in mind instead -- public execution? Can't you just picture "Dirty Harvey" standing above a cowering Bernie Ebbers, pointing his .44 Magnum at his head and asking: "Do you feel lucky today, punk? Well, do you?"
He even went so far as to quote Beale's famous "I'm mad as hell, and I'm not going to take it anymore" rant from "Network," during a speech at the tony Economic Club of New York. Hearing Pitt go ballistic over corporate malfeasance is about as believable as hearing R. Kelly sing the praises of the Mann Act or Al Gore fume "to hell with the polls" and promise to really "let it rip" next time he runs.
In his essay, "Politics and the English Language," George Orwell wrote: "The great enemy of clear language is insincerity. Political language is designed to make lies sound truthful and murder respectable." And to allow corporate coddlers like Pitt and Bush to repackage themselves as born-again crusaders for reform. I'm sorry, fellas, but I'm just not buying your "restatement of yearnings."
As the president prepares for a highly touted reading of the riot act to Wall Street this Tuesday, he should remember that as long as he continues to tolerate a corporate culture in which CEOs can call fraud "restating," and don't have to admit wrongdoing even when caught picking their shareholders' pockets, his sudden change of heart is, pardon the euphemism, utterly "inoperative."
Markets Dump Bush Stock: A response to Bush's corporate accountability speech
By Robert Kuttner - 7.9.02
Bush's New York speech on corporate accountability was one of the weakest of his presidency. It was long on platitudes, short on structural reforms. The Dow Jones responded to his call for restored confidence in America's financial markets by plunging 189 points.
Ever since he took office, Bush's short run political strategy has been to blur differences with Democrats. He can get away with this, perhaps, on issues like prescription drug coverage, where the details are numbingly complex and few voters are paying attention. But America's corporate meltdown is real, and Bush is way behind the curve.
It's more than a little ironic that Bush's mandateless presidency was rescued by a foreign policy crisis that is now being upstaged by what could be the most serious economic threat since the Great Depression. For Bush's own rise to fame and fortune in Texas was a small-bore version of the Enron and WorldCom scandals.
There is no way that Bush can do a Nixon-to-China on this issue and get back ahead of the curve because Bush's closest cronies epitomize precisely the kind of capitalism that is imploding. While his father was President of the United States, Bush himself received 200,000 shares of stock in Harken Energy Corp, in exchange for serving on its board and doing ill-defined consulting. Harken engaged in Enron-style manipulation of its reported profits. Eight days before Harken had to restate its profits, Bush dumped the stock for more than $848,000. The SEC general counsel who gave Bush a free pass was Bush's own former lawyer.
Before the current scandals, this kind of manipulation and insider profiting was considered small potatoes. But now it is a near-perfect echo, in miniature, of everything wrong with corporate America. Bush can moderate his rhetoric as the occasion fits, but he can't escape his own history.
Date: Tue, 09 Jul 2002
From: American Patriot Friends Network <APFN@apfn.org>
Subject: GW'S PLAN TO EXPOSE' CORPORATE MISCONDUCT
Text of President Bush's speech (July 9, 2002)
NEW YORK (CNN) -- Following is a transcript of President Bush's speech Tuesday in New York addressing corporate misconduct: "We've learned of some business leaders obstructing justice and misleading clients, falsifying records, business executives breaching the trust and abusing power. We've learned of CEOs earning tens of millions of dollars in bonuses just before their companies go bankrupt, leaving employees and retirees and investors to suffer. " CLIP
The Family That Preys Together
From Issue No. 41, Summer, 1992 by Jack Colhoun
GEORGE JR.'S BCCI CONNECTION
"This is an incredible deal, unbelievable for this small company," energy analyst Charles Strain told Forbes magazine, describing the oil production sharing agreement the Harken Energy Corporation signed in January 1990 with Bahrain.
Under the terms of the deal, Harken was given the exclusive right to explore for gas and oil off the shores of the Gulf island nation. If gas or oil were found in waters near two of the world's largest gas and oil fields, Harken would have exclusive marketing and transportation rights for the energy resources. Truly an "incredible deal" for a company that had never drilled an offshore well.
Strain failed to point out, however, the one fact that puts the Harken deal in focus: George Bush, Jr., the eldest son of George and Barbara Bush of 1600 Pennsylvania Avenue, Washington, DC, is a member of Harken's board of directors, a consultant, and a stockholder in the Texas-based company. In light of this connection, the deal makes more sense. The involvement of Junior - George Walker Bush's childhood nickname - with Harken is a walking conflict of interest. His relationship to President Bush, rather than any business acumen, made him a valuable asset for Harken, the Republican Party benefactors, Middle East oil sheikhs and covert operators who played a part in Harken's Bahrain deal.
In fact, Junior's track record as an oilman is pretty dismal. He began his career in Midland, Texas, in the mid-1970s when he founded Arbusto Energy, Inc. When oil prices dropped in the early 1980s, Arbusto fell upon hard times. Junior was only rescued from business failure when his company was purchased by Spectrum 7 Energy Corporation, a small oil firm owned by William DeWitt and Mercer Reynolds. As part of the September 1984 deal, Bush became Spectrum 7's president and was given a 13.6 percent share in the company's stock. Oil prices stayed low and within two years, Spectrum 7 was in trouble.
In the six months before Spectrum 7 was acquired by Harken in 1986, it had lost $400,000. In the buyout deal, George "Jr." and his partners were given more than $2 million worth of Harken stock for the 180-well operation. Made a director and hired as a "consultant" to Harken, Junior received another $600,000 of Harken stock, and has been paid between $42,000 and $120,000 a year since 1986.
CLIP - see the missing part at http://disc.server.com/discussion.cgi?id=190371&article=318
On June 22, 1990, George Jr. sold two-thirds of his Harken stock for $848,560-a cool 200 percent profit. The move was well timed. One week after Junior sold his stock, Harken announced a $23.2 million loss in quarterly earnings and Harken stock dropped sharply, losing 60 percent of its value over the next six months. On August 2, 1990, Iraqi troops moved into Kuwait and 541,000 U.S. forces were deployed to the Gulf.
"There is substantial evidence to suggest that Bush knew Harken was in dire straits in the weeks before he sold the $848,560 of Harken stock," asserted U.S. News & World Report. The magazine noted Harken appointed Junior to a "fairness committee" to study possible economic restructuring of the company. Junior worked closely with financial advisers from Smith Barney, Harris Upham & Company, who concluded "only drastic action could save Harken."
George "Jr." also violated Securities and Exchange Commission (SEC) regulations which require "insider" stock deals to be reported promptly, in Bush's case by July 10, 1990. He didn't file the stock sale with the SEC until the first week of March 1991.
Meanwhile, a cloak-and-dagger aura surrounds Junior's business dealings. James Bath, a Texas entrepreneur who invested $50,000 in Arbusto Energy, may be a business cutout for the CIA. Bath also acted as an investment "adviser" to Saudi Arabian oil sheikhs, linked to the outlaw BCCI, which also has ties to the CIA.
Bill White, a former Bath partner, claims that Bath has "national security" connections. White, a United States Naval Academy graduate and former fighter pilot, charges that Bath developed a network of off-shore companies to camouflage the movement of money and aircraft between Texas and the Middle East, especially Saudi Arabia.
Alan Quasha, a Harken director and former chair of the company, is the son of attorney William Quasha, who defended figures in the Nugan Hand Bank scandal in Australia. Closed in 1980, Nugan Hand was not only tied to drug-money laundering and U.S. intelligence and military circles, but also to the CIA's covert backing for a "constitutional coup" in Australia that caused the fall of Prime Minister Gough Whitlam.
The Harken deal with Bahrain raises another troubling question: Did the Bahrainis and the BCCI-linked Saudi oil sheikhs use the production sharing agreement with Harken to curry favor with the Bush administration and influence U.S. policy in the Middle East? Talat Othman's sudden rise to prominence in Bush administration foreign policy circles is a case in point. Othman, who sits on the Harken board as Sheikh Bakhsh's representative, didn't have access to President Bush before Harken's Bahrain agreement. "But since August 1990, the Palestinian-born Chicago investor has attended three White House meetings with President Bush to discuss Middle East policy," the Wall Street Journal pointed out. "His name was added by the White House to a select list of 15 Arab-Americans chosen to meet with President Bush, [then White House Chief of Staff John] Sununu and National Security Adviser Brent Scowcroft in the White House two days after Iraq's August 1990 invasion of Kuwait."
Bush's Favorite Terrorist Buddy & Carlyle Group (Bush, Sr. Etc) Profits Increasing From Afghan War http://www.apfn.org/apfn/WTC_profits.htm
The Enemy Is Very Much Within You DON'T have a clue people, so WAKE-UP!! They got you where they want you, that's for sure.........
Digital moles in White House: Terrorists Had Top-Secret Presidential Codes - A Gift From The CIA http://www.apfn.org/apfn/enemy_within.htm
George Bush: The Unauthorized Biography by Webster G. Tarpley & Anton Chaitkin
Chapter -XXIV- The New World Order
WHO DARES CALL IT TREASON?
The New World Order plan calls for an attack on American cities as a pretext for restoring order from chaos, as a pretext for declaring Martial Law and removing what few Freedoms and rights we have left. Is this a prelude to a state of National Emergency and the planned Third World War? Yes, it is.
Cheney: "Bad Guys - Catch Bad Guys"
``If you're only going to work with officially approved, certified good guys, you are not going to find out what the bad guys are doing,'' Cheney said. ``You have to have on payroll some very unsavory characters. This is a mean, nasty, dangerous, dirty, business. We have to operate in that arena.'' Ah.....say there Cheney...you already do, they are called Federal Agents, of all Branches. They are the REAL Terrorist's here in America.
NOW IS THE TIME TO COME TOGETHER IN COMMON CAUSE, ALL PEOPLES, ALL RACES, ALL RELIGIOUS BELIEFS, BECAUSE IF WE DON'T WE WILL BE DIVIDED AND RULED IN A GLOBAL PRISON OF OUR OWN MAKING.
September 11, 2001
A MESSAGE FOR GEORGE W. BUSH AND ALL THOSE WHO CONTROL HIM, SPOKEN IN HIS OWN WORDS TODAY:
This enemy hides in shadows and has no regard for human life.
Text of President Bush's speech (July 9, 2002)
NEW YORK (CNN) -- Following is a transcript of President Bush's speech Tuesday in New York addressing corporate misconduct:
President George W. Bush's Inaugural Address 2001 "Many in our country do not know the pain of poverty. But we can listen to those who do. And I can pledge our nation to a goal: When we see that wounded traveler on the road to Jericho, we will not pass to the other side."
Bush is planning another month-long vacation, a repeat of what he did last year which resulted in 911.
IRAQ WAR LOOMING WHAT LIES BEHIND CONFLICT IN THE PERSIAN GULF?
Find elected officials, including the president, members of Congress, governors, state legislators, local officials, and more
Contact your elected officials at the local, State and national level.
WE ARE GOING TO SUPERCEDE BAD GOVERNMENTS AND LEAVE THE PARASITIC ELITE BEHIND. PASS IT AROUND!
Michael Moore in the next to last Politically Incorrect show
Bill: Hi, welcome to "Politically Incorrect." Our last real show because tomorrow is our finale and that will be a special finale.
Bill: So, speaking of fuzzy math, George Bush was outraged the other day, I heard him say, when he found out about Worldcom, the latest in corporate malfeasance going down the books, down the drain. So, you think he really has a right to be outraged the way he says he is? I mean, isn't his -- he was always against campaign finance reform. It seems like he's against business -- outraged at business practices that really wouldn't be flourishing if he practiced a different form of government.
Michael: That's right. Listen. Bush is, these people are all thieves, all right? And I don't feel "I told you so," in fact I would never want to -- I feel bad that we're at this point. I mean, that these people have gotten away with so much. I mean, you think about this. Not just Worldcom, not just Enron, Tyco, you go down the whole list. This has been going on for a long, long Time. Not just during Bush two, it was during Bush one, it was during Clinton.
Tim: Who's gonna suffer the consequences of this? It's gonna be the people that work for these corporations that are unemployed now because there are going to be cutbacks and rollbacks and what happens ultimately when these industries start to fail is -- the crime has ramifications throughout society through many economic levels. Eventually, more crime is wreaked because of the economy being more and more depressed by these kind of corporate criminals.
Larry: I don't disagree with that, but --
Tim: Nine times out of ten the government's gonna bail them out with some kind of corporate welfare and it's all going to be paid for by us.
Michael: Let me tell you what tonight is, Genevieve. Tonight is the eve of the day when 17,000 people at Worldcom are gonna lose their jobs.
Genevieve: That's right.
Michael: All right? And this is all part and parcel of a system that Bush and the people before him helped set up so that few people could get rich and everybody else here has to worry about where the paycheck's gonna come from next month.