Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (202590)	11/14/2001 1:12:38 PM
From: Mr. Whist	Read Replies (7) \| Respond to of 769670

Actually, Ken, the opposite is true. Big Business fraud is more insidious than government waste. An individual worker/individual investor is burned much more severely when his company (1) engages in what amounts to corporate gambling and (2) employs creative accounting practices to cover such. Joe Worker/Joe Investor stands to lose thousands of dollars, possibly his job as well, because of corporate mismanagement/fraud/gambling. Government waste, on the other hand, although distasteful, doesn't impact on a worker or shareholder the way private enterprise waste does. I also would point out that government fraud/waste also is punished ... by American voters instead of by the markets. Big Business fat cats who ruin a company can risk doing so because they are guaranteed multimillion-dollar severance packages.