President Bush Speaks Out On WorldCom Scandal - WLOX.com - The News for South Mississippi

President Bush Speaks Out On WorldCom Scandal

President Bush calls reports of WorldCom's disguised $3.8 billion in assets outrageous.

The president says the government "will fully investigate and hold people accountable.''

Bush said he fears the pending bankruptcy would hurt "not only shareholders but employees as well.''

He says the latest evidence of corporate irresponsibility has hurt the United States stock market. Bush said the Securities and Exchange Commission and the Justice Department will investigate.

WorldCom owns the nation's Number Two long-distance carrier MCI. The company reported the disguised the expenses Tuesday.

  • Trending StoriesTrending StoriesMore>>

  • Thousands troll Cracker Barrel after IN woman's termination

    Thousands troll Cracker Barrel after IN woman's termination

    Thursday, March 23 2017 6:38 PM EDT2017-03-23 22:38:44 GMT
    So far, Cracker Barrel has not responded to requests for comment. (Source: Eli Christman on flickr.com)So far, Cracker Barrel has not responded to requests for comment. (Source: Eli Christman on flickr.com)

    Why did Cracker Barrel fire Brad's wife? It's really no one's business, other than Brad's and his wife's, but that hasn't stopped people around the world from demanding answers after a Harrison County, IN, man publicly asked the restaurant chain why his wife Nanette was let go from her job at the Cracker Barrel in Corydon.

    More >>

    Why did Cracker Barrel fire Brad's wife? It's really no one's business, other than Brad's and his wife's, but that hasn't stopped people around the world from demanding answers after a Harrison County, IN, man publicly asked the restaurant chain why his wife Nanette was let go from her job at the Cracker Barrel in Corydon.

    More >>
Powered by Frankly