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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.11

-0.3%

3:59 PM EST

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To: RetiredNow who wrote (56929)	1/30/2002 6:15:40 PM
From: kvkkc1	Read Replies (1) of 77397

Why in the world would you ever want the Government providing oversight on private industry? Those guys waste billions of dollars every year. If they were held anywhere near the GAAP standards that industry is, they'd all be in jail. There needs to be a private agency that is independent of all consulting/partner fees. Industry would need to pay a standard fee to have their books audited. Violations would need to be enforced with jail time or firm fines that hurt. Then maybe you'd have some expertise in auditing. Expertise doesn't exist in the Government. Please realize that.

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