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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Jack Clarke who wrote (144942)1/20/2002 5:12:38 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Jack, >>Perhaps the Enron thing will force some honesty into those distorted reports Wall Street so depends on.

IMO, the key to cleaning up the mess that has been created on Wall Street during the 1990's is good investigative reporting by media companies like the NY Times. They have management that is willing to pay for top notch investigative reporters. It takes a fair amount of money and time for a good investigative reporter to get to the story correct. People like Kurt Eichenwald that exposed ADM's price fixing comes to mind. The New Yorker also has some good people.

Wall Street will keep this thing going as long as they can as you and I both know they understand the publics desire for paper assets is going to fall off a cliff when the truth gets out and these people know what the truth is!!! <ggg>

Also watched Joseph Berardino this morning. He handled himself well and seems like a bright fellow. He has difficult times ahead, but maybe he can show the SEC, Justice Department and Congress that they have been as much a part of this problem as Wall Street, Corporations and the Accounting Firms.

Joan
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