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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Joan Osland Graffius who wrote (144922)1/20/2002 4:42:44 PM
From: Jack Clarke  Read Replies (2) of 436258
 
Joan:

"It is starting to look like the the major media companies are shoring up their staffs on investigative reporting of Corporate accounting. If this happens the stock market is doomed. "

In this regard, I was impressed by a statement made by Joseph Berardino, CEO of Arthur Andersen today at the end of his interview by Tim Russert, on "Meet the Press". Mr. Berardino stated, "There's a crisis in terms of the whole capital market's reporting model."

Indeed.

Perhaps the Enron thing will force some honesty into those distorted reports Wall Street so depends on.

Best,

Jack
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