The monied interests in the US have moved one step closer to making defrauding investors an accepted growth industry, and Enron’s employees who lost their pensions and the investors who got fleeced in the Enron fraud schemes just got shafted again—this time by the hand of President George W. Bush.
The monied interests lead by powerful investment banks and their accomplices lobbied the Solicitor General, the person who represents the US at the Supreme Court, to reject the recommendation of the Securities & Exchange Commission that the Justice Department support the defrauded investors, the shaftees, in their appeal to the Supreme Court.
The position of these short money financial pirates is really self destructive if you give it a minutes thought. I mean, what investor in his/her right mind would buy stocks in a company, any company, if they knew that it was ok for the company managers to manipulate the books and steal from them?
See: Stoneridge v Scientific America.
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