Bush prepares corporate fraud plan

WASHINGTON -- Jailing crooked executives and strengthening laws against corporate wrongdoing are needed to restore Americans' confidence in big business, lawmakers said Sunday as they surveyed the wreckage of companies such as Enron Corp. and WorldCom Inc.\nThe drive for change was taking center stage this week: a House committee hearing Monday on WorldCom and President Bush's speech Tuesday to Wall Street about his ideas for tougher penalties on corporate officials.\n"Some of these corporate criminals need to go to jail," said Rep. Billy Tauzin, chairman of the House Energy and Commerce Committee, which is investigating the massive bankruptcies of energy trading giant Enron and the telecommunications company Global Crossing.