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Strategies & Market Trends : Coming Financial Collapse Moderated
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To: EL KABONG!!! who wrote (868)6/30/2002 11:02:52 PM
From: pbull   of 974
 
Barron's had several articles in 1997-98 based on short-sellers who were losing money on some high-profile tech names despite some pretty obvious accounting shenanigans. But the stocks just went up, up and up, so, at the time, it didn't matter. But when the market in those stocks finally broke, everyone wanted to know why.
So, as usual, the news media is about four years or so late in their "discovery" of accounting fraud on Wall Street, which has gone on ever since there has been a stock market.

PB
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