To: mewzilla
Use the speech to announce some indictments. That'll help. It'll help politically, but will it do anything for the market? The financial risk comes from not knowing who ELSE is out there, not from wondering what will happen to the ones we already know about(where the hell is Gary Winnick anyway?) Announcing some indictments will help with the President's political risk, and I hope he does it, but I don't see how anything but time or--perish the notion-- maybe a good month or two without a new business scandal is going to eliminate the negativity in the markets.
5 posted on
07/13/2002 5:39:36 AM PDT by
Huck
To: Huck
Other than he is commander in chief--explain to me why it is that all this mess with the crooked CEOs/corporations and funny bookeeping is Bush's fault. Does anyone know how long the CEO/corporate accounting in question has been going on ? A Ponzi scheme like Enron takes a while to finally unravel. With the new kids (SEC) on the block investigating a lot of what has been happening could these accounting messes have happened years on back? Or are they just of this year (as if the corporate world said, yeah,Bush is in town and now we can cheat)? Could it be a bunch of crooks taking advantage of loopholes in the system and they went beyond the pale and now have gotten caught?
When the companies have to announce new revised statements why are they doing it? Is it b/c they are honest and found a mistake or was it that the SEC caught them and told them to revisit their accounting statements?
Anyone out there with knowledge and facts not just their predisposed ideas that can answer these honest questions?
54 posted on
07/13/2002 8:01:05 PM PDT by
olliemb
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