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To: GST who wrote (70447)	7/29/1999 1:54:00 AM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

What a surprise- half the public companies out there are actively cooking the books. NO KIDDING. But hey, this is the sort of thing you'd expect in the biggest financial mania the world has ever seen. cnnfn.com "It is extremely brazen and it's a top-down fraud," U.S. Attorney Mary Jo White said ... "The deterioration in the honesty of financial reporting I think is at an epidemic level," ...snip... "When some of our former partners are put in jail, I think that'll give us an emotional lift, if not a financial one," Silverman said ..snip... "There are many situations where companies are in jeopardy of missing Wall Streets targeted earnings for the period, and they begin to make some cute accounting changes, changes that an average investor has no chance of catching," he said. "And even sophisticated Wall Street analysts are having difficulty catching that kind of manipulation." "In my judgment, most companies are doing it. Well over half of public companies," he added.