Wednesday, November 29, 2006

Time to Focus Intensely on Past Events


[following up on the editorial commentary in the preceding post]

In a recent memo to its clients, the white shoe firm Covington and Burling warned of the increased investigative activity soon to come from the Dem-controlled Hill -- and touted its credentials for representing corporations and individuals who may find themselves under scrutiny.

"Nearly every committee of Congress likely will participate in oversight on a broad array of issues," the memo predicts, "including those that are well anticipated, like Iraq redevelopment fraud, and those that are sometimes overlooked by the press, such as hedge fund oversight. Importantly, while the popular press will focus on high-profile actions like subpoenaing senior government officials or investigating Bush Administration failures, a broad range of private sector companies also will face scrutiny."

The new Congress will be busy ferretting out "sweetheart contracts, administrative cost overruns, waste and fraud, and narrow appropriations earmarks," the slick marketing piece predicted. Also at risk are "[c]ompanies that played a role in what are perceived as Bush Administration failures or abuses" like Katrina and the president's warrantless wiretapping program. And even though Enron was a long time ago, Covington also sees "corporate abuses" as a target area.

. . .. ... ..... ........ oOo ........ ..... ... .. . .

And check out this interesting bit of intense focus ...

& C&L 6.12.2008

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