Tuesday, May 31, 2005

One for Big Business

Well Great.

The Supreme Court on Tuesday overturned the conviction of the Arthur Andersen accounting firm for destroying Enron Corp.-related documents before the energy giant's collapse.


Why?

It said the jury instructions at trial were too vague and broad for jurors to determine correctly whether Andersen obstructed justice.


That's right, procedure getting in the way of the spirit of the law. Well, I guess they are lawyers after all. But wait, it gets even better.

The ruling is a setback for the Bush administration, which made prosecution of white-collar criminals a high priority following accounting scandals at major corporations. After Enron's 2001 collapse, the Justice Department went after Andersen first
.

In what lifetime? The Bush administration SAID it was a high priority, but how many of Bush and Gonzales' buddies at Enron actually took a fall for anything? How many Haliburton CEOs are spending the rest of their lives in jail for skimming millions off the American taxpayer? Zero. That's right. Based on this sort of corruption and the current economic climate, I come closer every day to seeing a depression (not a recession, not a short term bump) around the corner. Head for the mattresses.

No comments: