President Bush Calls for rigid rate of prison sentences for the leaders.
President Bush called for stiff prison heavy financial penalties can be life and better standards of the Prohibition of the Use senior corporate leaders, their companies and deceive public opinion.
I am looking truncated possible political damage to its management and the restoration of investor confidence in a market abused lack of business and accounting irregularities, Bush asked a Wall-Street-lunch crowd Tuesday to “a new era of integrity Corporate America. ”
The president promised that he “is the full weight of the Act and expose the roots of corruption” and “days of the end of cooking the books, shading the truth and against our laws.”
Bush called for a combination of self-regulation and government action to fight against the “high-profile acts of deception [the] have shaken the confidence of the man. … Self-regulation is important, but it is not enough.
“The government can not remove the risk of investment [but] government can ensure that those who are the subject of the confidence of the American people are punished”.
Bush won Standing Ovations before and after his 27 minute speech, but the audience of executives and industry leaders, politicians and union leaders applauded only once while the bulk of the speech, as for reform pensions if small investors will be treated fairly.
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