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To: MythMan who wrote (99914)	5/5/2001 8:10:08 PM
From: Knighty Tin	Respond to of 436258

MM, The cos. just jump from one accounting scam to the next when the old one gets to be public knowledge. We used to have govt. watchdogs and analysts who had the guts to call big co. mgt. on the carpet, but those days died with the 1980 election. Since then, scamaramas have been the name of the game. If you are in govt. and you take on big bizness, you get zero contributions on your next run. If you are an analyst and you ask probing questions, you get fired. If you are a financial journalist, you get paid for discovering cos. that "deliver" better than expected results. Their's is not to wonder why, their's is but to make suckers buy. Sad, but true. Apologies to Alfie Lord Tennisplayer.

To: MythMan who wrote (99914)	5/6/2001 2:12:14 AM
From: Perspective	Respond to of 436258

Under former Chairman Arthur Levitt, the SEC started a campaign against numbers games in September, 1998 (table). Among the results: a financial fraud task force, which SEC enforcement chief Richard Walker says has been "working on some very, very substantial matters, which the public will learn about shortly." They involve some of the largest companies in the country and the biggest accounting firms, he says. Now I wonder what will kick off the next leg of this bear market. What could it be? Whatever could it possibly be? <eg> [EDIT: Maybe it'll break that f*cking Dow trading range, too!] BC