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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (142919)2/25/2002 1:21:32 PM
From: tejek  Read Replies (1) of 1576346
 
I agree that Enron's collapse is big, but even something very big can be exagerated. I think the political side of this issue was made into a bigger news story then it should have. Perhaps to the detriment of the accounting side which perhaps should have gotten more attention even though it did get a fair amount.

Tim, to say that, I don't think you understand how much this has shaken up investors........TYC is down $30, IBM down $20 over related issues are just two major examples. Everyone depends on the independent auditor to ferret out any bs. Its what's made stock investing so universal. If nothing else, US corporations could be trusted because their books were audited every year. Without that assurance, investors might as well go to Vegas instead of Wall Street.

ted
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