To: rdavis84
I'm not saying there was no such thing as cooked books before Billy, I'm not stupid. What I'm saying is that nobody cared under Clinton. There's a difference between being subtle in cooking the books so the law doesn't jump on you (which almost everybody does) and just outright making sh!t up like Enron (and others, the list just keeps getting bigger) did. Companies only do the later when they know the people that are supposed to be throwing them in jail for that aren't paying attention. You don't ignore a liability equal to 50% of your companies gross annual revenues (and declare it immaterial when your auding firm points it out) if you think somebody in the SEC or Justice might actually look at your books. You know do that crap if you know things are going to be rubberstamped and ignored.
82 posted on
06/21/2002 2:22:41 PM PDT by
discostu
To: discostu
You know do that crap if... Good post otherwise, but could you check?
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