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To: Jacob Snyder who wrote (50397)	2/16/2002 5:21:42 AM
From: techreports	Respond to of 54805

Recessions are a good thing, because Creative Accounting only comes to light when times are tough. We haven't had a real recession, one that really hurt, since 1974. We are long, long overdue for a cleansing, purifying witch hunt, where the lax standards and fuzzy morality that built up during Good Times gets punished. If a nation doesn't do this, every few years, you end up like Japan, where bad debts never get written off, bad decisions never get punished, bankrupt companies are not allowed to go under, and nobody is ever held personally responsible. And systemic problems never get solved. God, if Japan ever fixes their problems, I think they would be setting themselves up for a long bull market. We're talking 15% saving rate and less than 2% of Japanese invested in stocks. That's a lot of ammunition for the world's second biggest economy.

To: Jacob Snyder who wrote (50397)	2/16/2002 9:46:05 AM
From: LowProle	Read Replies (1) \| Respond to of 54805

For the rich, educated, and powerful, we feel sympathy. We make excuses So true. And in case anybody wonders why: as head of a $450, million Africa investment fund which will likely grow, he has a unique opportunity to facilitate the implementation of modern CDMA telecomunications in any part of Africa that can support it -- say using the India WLL model with 1X diversity antenna phones and cheap 6000 ZIF phones

To: Jacob Snyder who wrote (50397)	2/18/2002 10:30:15 AM
From: tekboy	Respond to of 54805

OT I basically agree that white collar criminals should be punished severely, but there's one part of the picture you're overlooking that helps account for the differential treatment. While the convenience story robbery and the accounting fraud you describe are similar in that both involve the stealing of money, the first involves the threat or use of violence against persons in a way the second does not. The legal codes we have seem to weight this aspect very heavily, and I think that rather than simple discrimination is why the punishments are so different. The lawyers among us (and there are probably all too many<g>) could probably enlighten us on these and related issues, but this thread might not be the appropriate venue for such discussions... tb/A@chuckthenosetookmymoney,heshouldgotojailtoo.com