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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (46422)12/11/2000 10:32:22 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
``The 10-year write off on securities investment losses violates basic accounting principles,'' said SFC Chairman Chu Jaw- chyuan in a report in the Taipei Times. ``This policy would encourage the banking industry to become a stock manipulating machine.''

where has the SFC chairman been? on Mars? what else are they, if not a stock market manipulation machine...that's what it's all about...
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