Perhaps Public Officials Should Look at Their Own Motives

It is ironic that public officials are crying foul over corporate greed when they were large beneficiaries of the dot-com wealth bubble, reaping a record level of tax revenue from exercised options.

If the corporate crooks are forced to return their ill-gotten loot to investors, shouldn’t the government also give back to investors the taxes it took in on this income?

When the real estate bubble bursts, leaving thousands of new homeowners in financial distress, the accusations of greed will be flying again from these same officials directed at the real estate, development and lending institutions.

Meanwhile, these officials do nothing to stem the explosion in home prices because this bubble is resulting in enormous amounts of property tax revenue for the state.

Are their motives much different than the corporate crooks they condemn?

Tom Burnes

San Clemente

*

I find it ironic that many people have responded to the call for government to create accounting standards when the government accounting practices are leading to a problem far worse than anything seen so far.

Wake up, Social Security is Enron on a much grander scale.

Scott McFarlane

Simi Valley