After reviewing the documents produced to the Committee on Energy and Commerce in connection with our investigation into the accounting practices at WorldCom Inc., we must express our grave concerns about what we have discovered,
More Quotes from Billy Tauzin:
I think we're finding what may clearly end up being security fraud, ... Attempts not to hedge or put debt out of the company, which many companies do, but literally fraudulent, phony attempts to do so in violation of current accounting practices, practices that should've been discovered by Enron's auditors at Arthur Andersen.Billy Tauzin
I think we lost a great deal of sympathy and support with the way in which the crisis was handled, most importantly I think when we appeared to be grasping for too much at one time instead of identifying our priorities in a much more responsible fashion.
Billy Tauzin
I think the industry finally gets it. They've lost the connection with the American public, and they've got to rebuild the trust with the American public.
Billy Tauzin
The public surely must be confused today, ... It's the job of NHTSA to come up with reasonable standards of when tires pose a risk to the consumers. NHTSA needs to ride to the rescue here and clear up this confusion very quickly.
Billy Tauzin
What we are interested in is What went wrong with this recall Why didn't it happen sooner
Billy Tauzin
The timing was terrible, and having one disaster after another didn't help. I think the pictures on television of the way in which the disaster was handled also helped to turn off the public and Congress.
Billy Tauzin
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