Ethics-Governance: Article: Bush's Role in Corporate Fraud

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Bush's Role in Corporate Fraud Bush's Role in Corporate Fraud By Willliam Black and James Galbraith. President George W. Bush has reassured us that ''From the antitrust laws of the 19th century to the S&L reforms of recent times, America has tackled financial problems when they appeared.'' But the savings & loan reforms came seven years and 150 billion taxpayer dollars late. Nor did that problem merely ''appear.'' It was created by a deregulation bill in 1982 overseen at that time by Vice President George Bush. From 1981 to 1988, the Reagan-Bush administration covered up the S&L debacle. It forced reductions in S&L examiners and fought against the top federal regulator, Ed Gray, who sounded the alarm. Full Article: http://www.scu.edu/ethics/publications/ethicalperspectives/corporatefraud.html


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