WorldCom Fraud Doubles

Silvaran writes "No, this isn't a repeat story. WorldCom claims another $3.3 billion accounting error. That's about $7 billion, for those that are counting. Wish I had that kind of cash to miscalculate on my income tax forms." There's also a NYT story. I love how the news outlets are saying, "error", "irregularity", "problem", as if this was all some sort of tragic accident, instead of laying out the obvious truth, "criminal fraud committed with full knowledge it was a crime".

Comments

Here here!

[sg3000]

Here's a flash version of your rant.

Worldcom, Imclone, Global Crossing, Enron, Adelphia, Anderson -- "a few bad apples" or a systemic problem? I think Bush saying that the American people don't care about this "stock market stuff" just shows how out of touch he is. Either that, or he simply doesn't care and he's just filling time until the next topic of the day comes along.

Here's what we know:
- George W. Bush wanted to run the government like a business
- George W. Bush has never come within 50 feet of a successful business himself. Not Harkin, not the sweetheart deal with the Texas Rangers, not even that stupid airline catering company
- Neither has Dick Cheney
- Both Cheney and Bush are so close to the oil industry that they're willing to allow companies steal money from taxpayers and business in fradulent energy schemes.

Any talk of this being a Clinton-caused recession is just willfully ignoring that the Bush's tax cut caused nearly half of the budget shortfall.

What can you do?

- Demand that the Bush Administration release information on the secret energy task force. We want to know how Enron, Haliburton, Harkin, and Unocal were involved in this
- Demand that the Bush Adminstration support an independent investigation of the goverment's actions before and after September 11. If the attacks were due to the U.S.'s quest for oil, the American people deserve to know.
- Demand that the SEC open the files on Bush's dealings with Harkin
- Demand the Justice Department come down hard on Enron
- Demand to know why Bush is so interested in attacking Iraq
- Ask yourself if you're better off now or 4 years ago. Good, now vote Democrat in November.

Oh, and ... uh ... run Linux too.