Xerox's bookkeeping scheme sat on its books even as investigators from the Securities and Exchange Commission delved into Xerox's ledgers over an earlier accounting fraud that snared the company last year.
only 10.1? she's not trying.
This supports my theory that all these cases of corporated book-cooking are the result of the unstated policy of the Clinton administration which let it be known to corporate America that if they exaggerated their earnings and juggled the profit/loss figures, no one would be looking. Anything that kept the stock inflated and therefore the whole market pumped up was fair game. After all, the only thing which kept that rapist creep and his scary wife in office for eight years was the great bull market.
But when the market turned sour, there were no more chumps to keep the stocks afloat. This could even explain why the market turned sour. Everyone who was anyone on Wall Street knew that Gore would be defeated, and that a Republican president would not allow the kind of monkey-business that had caused NASDAQ to soar from 700 to 5200 in only five years.
Wall Street knew that the markets would slump at around the time of the 2000 election. So they started pulling out early, which caused the stampede in March and April 2000.