Doris Matsui: “Mr. Speaker, I might just say at a time when we have a crisis in corporate America, one of the reasons the stock market…”

“Mr. Speaker, I might just say at a time when we have a crisis in corporate America, one of the reasons the stock market is not doing too well, very sluggish, is because basically investors are not sure what companies are doing well and what companies are not, because we cannot get it any longer from the books because obviously after Enron, Global Crossing and a number of other corporations, we just do not know any longer what these books really mean because each individual accounting office like Arthur Andersen might decide on their own how to manipulate these accounts. Business Week had a story Crisis in Corporate Governance, Special Report. Last week they had Restoring Trust in Corporate America, same Business Week. Fortune magazine this week talked about a System Failure in Corporate America.”