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Bush sides with CEOs over average American investors
Main Street investors nationwide beware. In a recent move, President Bush has made it very clear that he values the likes of Enron's crooked CEOs over Main Street investors.
This fall the U.S. Supreme Court will consider Stoneridge Investment v. Scientific-Atlanta.
The case which will determine whether investors can recover investment losses when fraudulent corporate collusion is proven, like the fraud committed in the Enron and Worldcom scandals. In an effort to protect the corrupt executives, President Bush ignored the Securities and Exchange Commission's recommendation to file a brief on behalf of investors.
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