The newspaper that George Bush read on Wednesday morning, while he was in Calgary, Canada, blared the latest accounting news from Wall Street: WorldCom overstated its profits by $3.8 billion and will likely go bankrupt. Bush’s response was to demand a full investigation and promise to "hold people accountable." Why? The revelations of accounting irregularities hurt "not only shareholders but employees as well." On those grounds, there should be a full investigation by the government of every company that goes belly up. And what’s to investigate? Thousands of companies cooked their books during the boom, just as the federal government … Continue reading Now, He Wants an Investigation