If you take that there "mandate" and take a look at the Telecomunications Act of 1996 you will begin to realize that those two little pieces of legislation caused people to think that investing in telecomunications was the place to be. One thing lead to another and the stock market well, it went up a little.
Then the crooks started cooking the books and bating the public with their hooks.
Here's where I get a little twisted. Because it was right around that time that the press got a hold of a little story about the presidents, ah infidelity. So while most people where yelling and screaming about that no body was watching the store. Kind of worked out well for the crooks don't you think.
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