Too Many Rotten Apples

The corporate crime spree is making investors mad as hell. Will Bush's reforms be enough to calm them?

If there's one thing George W. Bush detests, it's being behind the curve. As revelations of a corporate crime spree broke over the past months, the President stuck to his modest reform plan and turned a cold shoulder to critics demanding more aggressive action. He discouraged talk on Capitol Hill of re-regulating industry. He stood by embattled Securities & Exchange Commission Chairman Harvey L. Pitt. And through it all, he prayed that the economy would withstand the hits to the stock market and investor confidence.

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