http://www.washingtonpost.com/wp-dyn/content/article/2006/12/12/AR2006121201498_pf.htmlThe Justice Department announced new rules yesterday that will make it harder for prosecutors to bring criminal charges against companies, bending to intense pressure from business groups that claim the government has overreached in its pursuit of financial malfeasance.
In presenting the revised rules, Deputy Attorney General Paul J. McNulty called the changes a substantial and direct response to a lobbying drive by the U.S. Chamber of Commerce, the National Association of Manufacturers and the National Association of Criminal Defense Lawyers, among others.
Since devastating bankruptcies at Enron and WorldCom prompted Congress to pass a stringent corporate accountability law four years ago, business interests increasingly have pushed back on efforts to police their operations, arguing that the government has imposed too many costs on companies with too few benefits for investors.
http://www.firedoglake.com/2006/12/13/government-of-the-corrupt-by-the-corrupt-and-for-the-corrupt/We don't need less accountability on our big multinational corporations. We need more. Milton Freidman is dead. Companies have more stakeholders than just shareholders. Companies that do business in the US are not just global citizens, they are accountable to US citizens. In earlier times, you had to have property to have a say in government. That supposedly changed. But now, government is owned almost outright by multinationals writing laws against the interests of the people in the dark of night for bad actors in Congress - Democrats and Republicans - to pass as is, without debate, in exchange for campaign contributions and lucrative lobbying jobs for their families, friends and even themselves.
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