RIP-OFF REPORT EDITORIAL: Bush Administration ripoff SEC gutting - Signal to Big Businesses to Rape America Washington District of Columbia
The Bush Administration plans on cancelling the "new funding" allocated by Congress for the SEC. Bush and his Administration are well known for their pro-business (screw people any way you can) policy. There are more former CEOs in this administration than any previous administration. Eventhough, as reported in The New Yorker, Almost none of the CEOs on the Bush team headed competitive, entrepreneurial businesses, you can expect a quid pro quo attitude in a policy of crony capitalism," where who one might know can get many reciprocal backs scratched. Who is the big loser? The American Consumer is, in this ubiquitous "rich get richer" economic free-for-all that has just been given license to escalate. The recent resignation of SEC Chairman Harvey Pitt, signals to the business community that the US economy is free pickin's for the proliferation of unethical business practices. Another signal to consumers will be who the President selects as our head business watchdog. Keep your ears to the ground. So, as the holiday season approaches, more than anytime in the past 30 years...
BUYERS MUST BEWARE!!!
Frank Torelli Investigative Reporter / Consumer Advocate EDitor's Staff, RipoffReport.com Amhearst, Massachusetts Click here to read other Rip Off Reports on WorldCom Wireless & MCi