Bush Gave Policy Views on Top Court Case

[Eugene]

Source: Associated Press

Bush Gave Policy Views on Top Court Case

By MARCY GORDON and PETE YOST
The Associated Press
Tuesday, June 12, 2007; 8:29 PM

WASHINGTON -- In a lawsuit that harks back to the Enron
scandal, 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 in the best position to sue, said Al Hubbard, Bush's chief
economic adviser and director of the National Economic Council.

-snip-

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.

The deadline for siding with investors in the case now before
the Supreme Court ended at midnight Monday, and the solicitor
general did not file a brief. Clement represents the government's
views before the Supreme Court. The administration will decide
in the next 30 days whether to side with the defendant companies
or not to participate in the case at all.

-snip-

Read more: http://www.washingtonpost.com/wp-dyn/content/article/2007/06/12/AR2007061201466.html

[kurth]

1. The decider decides if a lawsuit is unnecessary

His legal knowledge is legendary.

[ellenfl]

2. didn't you hear?

any lawsuit brought by the little guy against a corporation is unnecessary.

ellen fl

[Doctor_J]

3. 'Bush's role in the case underscores its significance.'

:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:
:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:

Translation: Smirk can be trusted to successfully utter the sound bite that wingers want to hear.

Didn't the Chimp himself sue a rental car company after one of his daughters got drunk and crashed a rental car?

[Heidi]

4. Kick.

:kick:

[Judi Lynn]

5. Bush weighs in on investors case

Source: Houston Chronicle/Associated Press

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.

Hubbard said Bush's perspective was conveyed to Solicitor General Paul Clement by Deputy White House counsel Bill Kelley. Hubbard said the president communicated his policy views, not specifically what he thought the solicitor general should do.

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.



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

[Faux pas]

6. unreal. n/t

[The Count]

7. HIS BASE: THE HAVES AND THE HAVES MORE! K&R

This is an important development - because it's so symptomatic of their agenda...It should be noted - at least on DU