Tying New York's economic recovery to the best in corporate stewardship, President Bush delivered a speech on Wall Street that he hoped would restore "consumer and investor confidence in our markets and in the integrity of corporate America" after a string of corporate scandals.
"There is no capitalism without conscience. There is no wealth without character," Bush said, introducing a 10-point plan for a more straightforward auditing system and greater accountability of corporate leaders.
In a long-anticipated speech, Bush said it is time to reaffirm basic principles, return to truthful books, honest people, and well-enforced rules against corruption.
"Self-regulation is important, but it is not enough," Bush told executives. "We must make sure that those who breach the trust of the American people are punished."
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