Avoiding the Next Iran-Contra Scandal
One of the principals from the last scandal now has the authority to exempt any company he likes from SEC disclosure regulations. This is Presidential-level authority, delegated for the first time, and to the author of arms-for-hostages and other Cold War era misdeeds. Who goes first? Haliburton?
(Note: the authorization was signed into effect the same day Porter Goss resigned as the head of the CIA. While the two events themselves are unconnected, the timing on Bush's part is an obvious attempt to take advantage of a bigger news event.)
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