I sure wish the Bush Administration wasn't so in bed with big business.

The Securities and Exchange Commission and Time Warner Inc. are nearing agreement on a deal in which the media giant would pay about $750 million to settle wide-ranging allegations of accounting irregularities at Dulles-based America Online Inc. ...

The $750 million figure being discussed is 50 percent higher than the $500 million that Time Warner previously set aside for a possible settlement. It would cover all fines, penalties and other payments from Time Warner necessary to resolve the matter fully with the SEC and the Justice Department, said the sources, who spoke on condition of anonymity because an agreement has not been finalized.

Not that I claim to have extensive knowledge of the issue, but this one example seems to indicate that the SEC is doing it's job. Plus the Martha Stewart prosecution, which even I think was over the top.



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