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Which candidate is taking the lead on Corporate Crime?

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WhoCountsTheVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 04:55 PM
Original message
Which candidate is taking the lead on Corporate Crime?
The New York Stock Exchange is being accused of conflicts of interest and defrauding investors. Mutual funds are embroiled in a scandal of favoritism, after hours unauthorized trading, and fraud. Bush's war in Iraq looks like just another way to funnel cash to his campaign contributors. Energy companies are bribing (er, I mean contributing to) politicans that are trying to privatize and deregulate the power market, and have ripped of California for millions. Enron, Worldcom, Adelphia, etc. ad nausem.

Which of our candidates is taking the lead against corporate crime? Which candidate is making this a major part of their campaign?

Has ANY candidate actually NAMED NAMES - as in publically stating the name of the corporations committing the crimes?

This issue will likely determine my final vote, as I'm sure it will for many others as well.


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Demobrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 05:01 PM
Response to Original message
1. Dean refers to Ken Lay and the boys and Enron
constantly, but I have never heard of him talking about corporate crime in detail. I'm sure he'll get around to it though.
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DuctapeFatwa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 05:04 PM
Response to Original message
2. Dunno. Can someone list the corporate crimes of each candidate?

Then we can add em up and see who's leading.
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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 05:07 PM
Response to Original message
3. Edwards wants a shareholders bill of rights
He also made a living holding corporations accountable for their actions.

http://www.johnedwards2004.com/corporate-responsibility.asp

Expense Stock Options
Stock options are a key tool, but they are not free. The failure to account for options played an important role in scandals like Enron. In 1994, Congress blocked a plan to require expensing of options. Edwards believes expensing of options should be required.

Stand Up for Investors
Mutual funds and pension funds have a duty to protect their investors' interest, but many funds have stood idly by while misconduct occurred. Edwards will strengthen enforcement of this obligation and will also require pension plans to disclose how they cast their proxy vot

Increase Penalties for Abuses
Abuse must have consequences. Edwards believes that we need stricter penalties for taxpayers who fail to properly disclose tax shelter transactions and underpay their taxes due to an abusive tax shelter.
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WhoCountsTheVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 08:05 PM
Response to Reply #3
6. I'm liking Edwards more and more all the time
He and Gephardt seem closer to true populists than any of the other frontrunners. I really like this Workers/Shareholders bill of rights, because quite frankly management has too much power in corporations now. I'd like to see a corporate system like Germany, where the workers and their unions, and community groups, all have a seat on the board.

You can put me firmly in the pro-Edwards camp, at least when it comes to issues like this!
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Lefty48197 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 05:37 PM
Response to Original message
4. None of them is taking the lead
imo
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Bombtrack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 06:05 PM
Response to Original message
5. Edwards by far
google his "workers/shareholders bill of rights"
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