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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.23-0.5%Jan 6 3:59 PM EST
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To: hueyone who wrote (58656)3/26/2002 3:11:06 PM
From: Jacob Snyder  Read Replies (1) of 77400
 
If that reform happens, it will take away one of the most important tools of the Creative Accountants. You can bet the Stock Salesmen (=company managements and banks/brokers) will fight it, with a flood of bribes (= campaign contributions) and lobbying. I'd give it less than 50:50 odds of happening. We need another Enron, to tip the balance in favor of reform. And, if the economy rebounds quickly, all the talk of reform will fade away, with no action taken. After LTCM failed, there was a flurry of talk about reforming hedge funds, but nothing came of it.
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