President Bush doesn't think corporate America needs a pile of new regulations. Someone just needs to tell business leaders to cut out the shenanigans. Bush did exactly that last week with some tough words. But his words were far more ambiguous when he had to explain alleged shenanigans of his own. Dick Cheney offered no answers to similar questions. That undercut Bush's moral authority, and the stock market just kept dropping. --By Mitch Frank
WHAT BUSH SUPPORTS "I urge board members to check the quality of their company's financial statements, to ask tough questions about accounting methods," Bush told corporate leaders...