Re: Accounting crisis.
ROFL... Damfool Cheney blurted it:
Mr Cheney's discomfort only deepened later in the week when a promotional video he recorded for Andersen in 1996 found its way on to the internet. In it, he warmly praises the now disgraced accounting firm: "One of the things I like that they do for us is that, in effect, I get good advice, if you will, from their people based upon how we're doing business and how we're operating, over and above the, just sort of the normal by-the-books audit arrangement."
[...]
news.ft.com
Chinu, can you tell me what'll happen next? I mean, is it possible for the US Congress to impeach the Vice President? Who can replace him then? Can the Prez just "arbitrarily" appoint a surrogate of his choice? In that case, the Veep's no longer an elected running-mate...
As regards the US pension funds, why are US workers compelled to bet the farm on their employers' stock only? Why not hedge part of their retirement stock on the S&P500 or any other composite index?! It makes more sense, doesn't it? We all know that on the very long term the Dow and the S&P 500 indexes beat all the other investment formulas...
Gus |
