Monday, March 26, 2007
David Stockman Schadenfreude
U.S. prosecutors on Monday charged David Stockman, a former chief executive of Collins & Aikman Corp, and other former executives of fraud.
Stockman, a former Reagan administration budget director, and the other ex-Collins & Aikman executives are accused of misleading the company's investors to hide its true financial condition, according to the indictment brought by federal prosecutors in Manhattan.
Remember how Stockman repeatedly lied about how great supply-side economics was in the early 1980s? He should have done jail time then, with all the damage he helped do to our country's finances. I guess I'll just have to find some comfort in his arrest and humiliation now instead.