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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: elmatador who wrote (5254)3/18/2002 12:47:35 PM
From: Raymond Duray  Read Replies (1) of 46821
 
Hi elmat,

I share much of your cynicism about the toothlessness of American regulators. However, I believe I'm beginning to see a change of attitude. The Department of Justice's indictment of the accounting firm Andersen is completely
unprecedented. Of course, Andersen had to be involved in about 8 scandalous and felonius engagements before Justice would act, but at least they're started.

Harvey Pitt, over at the SEC is also sounding like he's no longer able to shirk his responsibilities completely.

So, I have some faith in the system.

Not that the white collar criminals will ever pay with jail sentences to match those of the guy who steals food to put on his family's table, mind you. Ah, capitalism, it has it privileges... <g>

-Ray
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