How to undermine a law: Pitt, Webster and the SEC mess. (Gazette).(Harvey Pitt, William Webster, Securities and Exchange Commission)

THE EVENTS LEADING UP TO the high-profile resignations of Harvey Pitt and William Webster are symptomatic of a broad effort by President Bush, Republicans on Capitol Hill and the business community to undermine a six-month old law designed to prevent corporate fraud and accounting scandals like those that racked American business for the past year.

Business lobbyists want to make it easier for banks to give loans to members of their, own boards of directors. They also want to make it more difficult to implicate CEOs in potential fraud against their own companies. And they want ...

Read the rest of this article with a Free Trial at HighBeam Research.