BUSH Supports Law-Breakers In Enron Suit Before Supreme Court

[kpete]

June 13, 2007, 12:49AM
Bush weighs in on investors case
President won't support suit that's before Supreme Court

By MARCY GORDON and PETE YOST
Associated Press

WASHINGTON — In a lawsuit relating back to Enron, the Bush administration is at odds with the federal agency that oversees securities markets as well as with state attorneys general and consumer and investor advocates.

President Bush personally weighed in with his views before the administration decided not to support investors whose securities fraud case is now before the Supreme Court.

The president's message was that it's important to reduce "unnecessary lawsuits" and that federal securities regulators are the ones in the best position to sue, said Al Hubbard, Bush's chief economic adviser.

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Bush's role in the case underscores its significance. The outcome of the Supreme Court case could determine whether investors can pursue lawsuits to recover investment losses if they can prove collusion between Wall Street institutions and scandal-ridden companies.

more at:
http://www.chron.com/disp/story.mpl/business/4884937.html

[rurallib]

1. Hardly a surprise I suppose

I am under the opinion that had Bush (any Bush) been pres in 1938 we'd have joined with Hitler and Tojo in a glorious fight for freedom against the democratic oppressors.

[bbgrunt]

2. can there be anyone who still doubts the intentions of this regime?

[sinkingfeeling]

3. But it's A-OK for a judge to sue for $54 million over a pair of pants.