| KT, Granville was on CNBS in summer of 96 and he told Ron Insana that you must throw out all the old rules and that he was bullish. He was right about throwing out the old rules. We have seen culinary accounting where the auditors sign off on anything, SPE off balance sheet scam, ESOP accounting scam, abuse of hedonics to create growth and productivity, all earnings better than lowered expectations, Maria B's whisper number -g- , SEC chases 15 yrs olds for pump and dump tactics similar to Wall St. , Sell ratings almost extinct, growth of non bank credit limited only by demand, bubblevision cheerleading for Wall St. , DOT.CON revenue swaps, AG's surprise rate cuts and so on. mike ho ho ho |
