Too Many Rotten Apples
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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