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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: kvkkc1 who wrote (60420)	7/24/2002 6:31:04 PM
From: Jacob Snyder	Read Replies (1) of 77400

re: "who cares......if they don't prosecute anybody." Exactly. Behavioral studies have shown that punishment does not need to be severe, in order to be effective in preventing bad behavior. Rather, punishment needs to be swift and certain. Increasing the jail time for selling cocaine, from 5 to 50 years, achieves nothing, as long as only a tiny fraction of dope-sellers are arrested and jailed. It also achieves nothing, if the dope-sellers helped put the judges in office, and if the dope-sellers and police regularly switch jobs with each other, and are good friends. A good analogy, IMO, for the Creative Accounting problem.

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