I’ll never forget the time when lawmakers in Washington D.C. passed a law to curb corporate corruption, smacked their hands together as if shaking off the dust of a dirty job, and said, “There, that out to fix it.”
The year was 2002 and they were pretending to be disturbed about Enron and other accounting scandals.
So I went back and pulled the transcript of what President George Bush said when signing the Sarbanes-Oxley Act and compared it to what President Barack Obama said on Wednesday when he signed Dodd-Frank Wall Street Reform and Consumer Protection Act.
The parallels are shocking and could hardly be a coincidence. Click here to read the column.