An Indian Civilizational Perspective

Monitoring Scandal: Bush cronies make money while investors get looted TWICE-over!

Just in…. after so many other scandals.. here is another scandal that involves the thoroughly corrupt Bush Administration! See the process below in a Drishtikone presentation….

What is happening is this:

The lucrative arrangements are known as “monitorships,” unusual contracts in which an outsider comes into a troubled company with vast power to expose corruption and change business practices. The deals allow scandal-plagued companies to avoid criminal charges — and they give prosecutors a way to ensure businesses keep their promises and clean up abuses. But legal experts and lawmakers are expressing growing concern about inconsistency and secrecy surrounding the appointments.

The chairmen of the House and Senate Judiciary committees last week demanded that Justice Department leaders provide a list of all such deals and the fees they have generated. The Project on Government Oversight watchdog group has questioned whether the agreements reward “cronies” who share political affiliations or backgrounds with the U.S. attorneys handing out the deals.

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