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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (46932)1/24/2002 9:41:23 AM
From: Jim Willie CB  Read Replies (15) | Respond to of 65232
 
people mistaken if think back to audit business as usual
if Anderson as a firm pays out anything over $500M,
and their insurance pays out the maximum,
and the collective Big7 Funds pays out a large gob,

then IT WILL NEVER BE BUSINESS AS USUAL AGAIN

then add on top of the damages, that Enron executives are almost totally cleaned out from RICO law seizures, and a few Offshore banks are blackballed or destroyed, and an exlamation point is made that never again the same

suppose you are a major auditing firm, you know of shenanigans involving hidden debts, Special Purpose Entities, and cooked books for reporting earnings...
ARE YOU GONNA CONTINUE AS USUAL WHEN RESPECTED ANDERSON IS DESTROYED ???

not a chance, this is history watershed event
only trouble is, a bigger one is brewing in NYCity
JPMORGAN CHASE

chefs operating in the accounting dept are on warning
the cooked books will be scrutinized like never before
Cisco now has the spotlight shining bright
/ JW