Should Congress Be 'Perp-Walked'?
Should Congress Be 'Perp-Walked'?
INVESTOR'S BUSINESS DAILY
Posted 9/30/2008
Justice: A federal grand jury in New York is probing the accounting shenanigans at Fannie Mae and Freddie Mac. It's about time, and we hope it doesn't end there.
Remember the early 2000s, when companies such as WorldCom, Enron, Tyco and Xerox suddenly and spectacularly were revealed to have been cooking their books?
Remember the glee expressed by Washington politicians, especially Democrats, as they watched CEOs and their underlings get perp-walked out of their buildings and into federal custody?
Enron became the poster child for corporate misdeeds. In the accounting crisis of 2002, CEO Ken Lay was one of the most loathed human beings on Earth. And no, that's not an exaggeration.
Click here for full article:http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=307667278225125
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