[Liz]

Ms. Ayers and Ms. Valentine admitted making false entries to contractual-allowance accounts. Ms. Morgan falsified cash accounts, and Ms. Edwards falsified asset accounts, according to court papers. Mr. Livesay conspired with senior officers to direct the accounting fraud from 1996 to 1999, the papers said.

And nobody figured out what they were doing was illegal?

Darn. I keep forgetting.

Clinton was president and Auntie Janet was then AG. All US law was suspended and/or not enforced.

[kcvl]

[Liz]

Ms. Ayers and Ms. Valentine admitted making false entries to contractual-allowance accounts. Ms. Morgan falsified cash accounts, and Ms. Edwards falsified asset accounts, according to court papers. Mr. Livesay conspired with senior officers to direct the accounting fraud from 1996 to 1999, the papers said.

Now isn't that strange as all getout? Nobody figured out what the ladies were doing was illegal.

But then, I keep "forgetting."

All of this occurred during the Clinton-era presidency. Auntie Janet was Clinton's AG.

Presto-chango. All US laws were suspended and/or not enforced.

[ampat]

This isn't the last we'll hear of this. Most companies are getting off the hook. Ever read about companies restating their earnings from 1 to 3 years in the past. How about routine company layoffs. So many companies are guilty of bad practices, that there isn't enough manpower to handle the investigations. This will continue for a while. It certainly isn't helping, and is detracting from any chance of recovery.

[ampat]

This isn't the last we'll hear of this. Most companies are getting off the hook. Ever read about companies restating their earnings from 1 to 3 years in the past. How about routine company layoffs. So many companies are guilty of bad practices, that there isn't enough manpower to handle the investigations. This will continue for a while. It certainly isn't helping, and is detracting from any chance of recovery.

[Southack]

The real crime is that so far none of the Feds have gone after the accounting firm that signed off on all of those corporate books and SEC filings for all of those years: Ernst and Young.

Sure, they can hammer some white collar women for fraud, but heaven forbid that we have another accounting firm scandal...

< /DISGUST >

I mean, *why* have auditors if they aren't doing any real auditing?! Why file all of those forms with the SEC in the first place, if they don't mean anything?

[PGalt]

Thanks for your post. Economic terrorists are enemies of FREEDOM.