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Technology Stocks : America On-Line (AOL)

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To: Modano who started this subject8/1/2002 10:08:46 AM
From: Baldur Fjvlnisson  Read Replies (1) of 41369
 
The garbage being sicced on corporations:

***Making matters more loathsome is the fact that the Securities and Exchange Commission (SEC), responsible for overseeing corporate compliance with federal rules, doesn't even produce audited financial statements of its own operations. WorldCom may have cooked its books to inflate its worth, but the SEC apparently doesn't even produce a financial book. In addition, for most of the 1990s the Internal Revenue Service could not balance its own books. Taxpaying Americans had to get their tax returns right and in on time, but the IRS didn't. Many Americans were audited and paid penalties and late fees. The IRS didn't. And even if it had to pay penalties, the money would come from ... you, the taxpayer.***

newaus.com.au
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