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To: techtonicbull who wrote (47468)2/19/2002 9:54:08 AM
From: Steve Lee  Read Replies (2) | Respond to of 64865
 
Not specifically tho that is part of it. I think pro forma is the biggest evil. That is a blatant way to massage results whilst giving the impression that results are OK. Not only are the numbers wrong, but the inferences are wrong too.

Not really sure what happened with Enron - whether it was fraud or using legal loopholes to mislead.