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*[[WorldCom]]/[[MCI]]/[http://www.nytimes.com/2003/06/10/business/10PHON.html WorldCom]/[http://query.nytimes.com/gst/abstract.html?res=F5061EFD3B5A0C738EDDAC0894DB404482 MCI]
*[[Xerox]]/[http://www.nytimes.com/2003/06/08/business/yourmoney/08WATC.html Xerox]
== Regulation and Oversight ==
*[http://www.inthesetimes.com/comments.php?id=454_0_2_0_C Scandalous Measures], A.C. Thompson and James A. Thompson, 19 November 2003, ''In These Times'': <br>The Bush administration is quietly seeking to roll back oversight of the banking business and the scandal-riddled securities market through two pending proposals--a planned rule change for the banking industry and a house bill--that diminish the ability of states to police banks and stock brokers.
**Formulated by the [[Office of the Comptroller of the Currency]], the shakeup would nullify state banking laws stricter than federal regulations. Headed by [[John D. Hawke, Jr.]], a [[K-Street]] player who's worked for Democrats and Republicans, the OCC is a little-known regulatory backwater but it wields a vast amount of power over the nation's financial institutions.
** The banking proposal looks suspiciously like another Bush administration scheme: HR 2179, a House bill introduced this session by Rep. Richard Baker (R-La.) and supported by Rep. Michael Oxley, (R-Ohio), Bush's point man on corporate crime. The pending legislation is supposed to beef up the anemic and long-under-funded [[Securities Exchange Commission]]. But it, too, would curb the power of states to combat stock market scams.
== External Links ==
*Floyd Norris, [http://www.nytimes.com/2003/06/11/business/11PLAC.html S.E.C. Takes On Commissions], ''The New York Times'', June 11, 2003.
