Tuesday, August 26, 2003

Bush Supports Legislation To Shield Enron-style Fraudsters

'Retroactive legislation moving rapidly through Congress would make it easier for corporate wrongdoers to escape responsibility for defrauding investors, harming the environment and otherwise maximizing profits at the expense of the health and financial well-being of ordinary citizens,' says Nan Aron, president of Alliance For Justice, a nonprofit corporation based in Washington, DC. 'In the wake of the worst corporate scandals in fifty years, rather than acting to deter wrongdoing, Congress is poised to encourage more white collar misconduct with passage of a so-called class action reform bill which actually retroactively helps several of our most notorious corporate miscreants escape accountability.'


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