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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?
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To: Dave Gore who wrote (546)8/1/2002 8:13:00 PM
From: Raymond Duray  Read Replies (2) of 589
 
Hi Dave,

Cash Flow statements would be helpful. But what would be even more helpful would be to force corporations to make their Income Tax Statements available, so that investors could compare them to SEC filings. The corporations are loathe to see this happen, because the SEC filings have been riddled with holes like a Swiss cheese and don't reflect reality any more.

So far, less than 25 of the 945 corporations that are to have their CEOs file affidavits on the honesty of their reports have done so, two weeks before the deadline. This country is going to be shocked at how many avoid the deadline by claiming the exemption that has been conveniently provided by Harvey "the Snake" Pitt. Expect another leg down in the stock market when the public becomes alerted to how many CEOs are willfully shirking this responsibility via a convenient loophole in the regulation.

-Ray
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