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To: Jack Clarke who wrote (144942)	1/20/2002 5:12:38 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

Jack, >>Perhaps the Enron thing will force some honesty into those distorted reports Wall Street so depends on. IMO, the key to cleaning up the mess that has been created on Wall Street during the 1990's is good investigative reporting by media companies like the NY Times. They have management that is willing to pay for top notch investigative reporters. It takes a fair amount of money and time for a good investigative reporter to get to the story correct. People like Kurt Eichenwald that exposed ADM's price fixing comes to mind. The New Yorker also has some good people. Wall Street will keep this thing going as long as they can as you and I both know they understand the publics desire for paper assets is going to fall off a cliff when the truth gets out and these people know what the truth is!!! <ggg> Also watched Joseph Berardino this morning. He handled himself well and seems like a bright fellow. He has difficult times ahead, but maybe he can show the SEC, Justice Department and Congress that they have been as much a part of this problem as Wall Street, Corporations and the Accounting Firms. Joan

To: Jack Clarke who wrote (144942)	1/21/2002 12:26:27 AM
From: lifeisgood	Read Replies (2) \| Respond to of 436258

Perhaps the Enron thing will force some honesty into those distorted reports Wall Street so depends on. I can see it now.... "Year over year comparisons are down 75% and we attribute this decline in earnings to new SEC requirements which no longer allow us to lie and cheat via pro forma BS. Further, we regret to project that from here forward, we will no longer report any profits and we again attribute this to being forced by the SEC to disclose actual earnings (as opposed the fabricated earnings we previously reported). Lastly, we regrettfully admit that we have never actually turned a profit and we apologize profusely to anyone who may have been deceived by our lying and cheating and worthless accounting chananigans. We are very sorry that our investors will have lost millions of dollars when they gullibly accepted our distorted and fabricated earnings reports. Despite this, we are relieved that our officers and board of directors have had ample opportunity to cash out and sell our worthless shares to the gullible public and we thank the SEC and Mr. Pitt for looking the other way while we did." best... LIG