Thursday, December 25, 2003

Corporate Accountability

Beginning with the collapse of the infamous energy giant Enron in December 2001, a wave of corporate fraud upended the U.S. Economy and the public's faith in the financial markets. But the seeds of this disaster were sown long before corporations like WorldCom, Adelphia, Xerox and others "re-stated" earnings. The corporate crisis in America is built on a quarter-century old push by the nation's largest businesses to deregulate everything. The Foundation for Taxpayer and Consumer Rights has published a new book showing how the Republican anti-regulation movement has resulted in a failure to prosecute corporate crime or generally hold corporations accountable to basic ethical standards and the rule of law.

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