I am outraged at the selfish interests of corporate greed and Wall Street
incompetence that caused innocent people to lose nearly all of their
investments, not to mention the crushing losses to their pension funds.
But it's beyond outrageous to see congressional committees and posturing
politicians pointing fingers at accused corporate and Wall Street executives
when the Congress has failed American taxpayers -- stockholders in the
public corporation called the United States government -- for as long as I
can remember.
The parallels are most disturbing. The relationship between Enron and
Arthur Andersen is not so different from the ongoing relationship between
the Congress and the General Accounting Office (GAO). WorldCom and other
corporations' juggled books combined aren't nearly as severe as the way
Congress cooks the federal budget. And worse, the political parties have
conned taxpayers far more than Wall Street brokers and analysts ever did to
investors -- by trillions, not billions of hard-earned dollars.
Question is, when, if ever, are we going to hold our elected representatives
and our government to account for the perpetual greed, waste and
incompetence that plagues the system? Indeed, watching the corporate
congressional hearings is almost like watching blatant embezzlers of public
funds holding court over petty thieves.
Daniel B. Jeffs, founder
The Direct Democracy Center
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