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Keyword: honestmistakes

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  • Rahn Warns of Dangers of Corporate Greed Laws

    07/29/2002 12:07:01 PM PDT · by Tumbleweed_Connection · 231+ views
    Newsmax ^ | 7/29/02 | Limbacher
    Congress needs to be very careful that in tackling corporate greed they don't throw the baby out with the bath water, warns Richard Rahn in today's Washington Times. Citing the dangers inherent in setting strict accounting standards for corporations without making allowances for margins of error or individual circumstances, Rahn, a senior fellow of the Discovery Institute and an adjunct scholar at the Cato Institute shows how imprecise accounting standards can be. "To obtain a bank loan, you are often asked to produce a personal balance sheet and income statement," he writes. "If you were told that if you made...