To: smith288
...this whole Enron thing is blown out of proportion in relation to the White House.
I think you're right with regard to the White House. But the Enron thing in general has not been blown out of proportion. There is something very disturbing and worthy of investigation when a huge company like this declares bankruptcy without ever declaring a loss in any previous quarter. It's primae facie evidence that something was amiss.
6 posted on
01/11/2002 5:31:36 AM PST by
abandon
To: abandon
We used to think of Enron as a company to emulate. Just never could figure out how they made their money. Turns out, they didn't make any. The play was in Enron's stock value.
To: abandon
Thats what I mean. Its big, dont get me wrong. But its been turned into a political issue when it isnt.
8 posted on
01/11/2002 5:46:54 AM PST by
smith288
To: abandon
i agree with you 100%; the effort to tie the Enron failure to Bush is ridiculous. However, the Enron failure is a big event. It is a big sign of a very low level of integrity that exists among the American big business community.
Anderson has been caught over and over lying about these things. They do it for the client, they cover up. It's their strategy for success. The article didn't even mention the UDC Homes case in Arizona in which Anderson was caught lying big time to a bunch of investors to protect the managerial regime that hired them.
I've always very much disliked the corporate culture of Anerson Consulting. If you want a dishonest accounting consultant, then Andersen is your company.
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