U.S. prosecutors on Monday charged David Stockman, a former chief executive of Collins & Aikman, and seven other former company officials with fraud and conspiracy related to alleged financial misdeeds at the bankrupt auto parts maker.
Stockman, a former Reagan administration budget director, and three others are accused of misleading the company's investors to hide its declining financial condition, according to an indictment brought by federal prosecutors in Manhattan.
It sounds rather similar to what Stockman was doing for the Reagan administration, which he allegedly suffered remorse for. Unfortunately we can't prosecute him, or the rest of the Reagan administration, for what they did to the US financially.
More important, we can't prosecute the even more irresponsible Bush II administration. At least we can't prosecute them for this. We can prosecute them for so much more, and we have to, if only to get them out of office before they do further damage.