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


To: stockman_scott who wrote (47869)2/21/2002 6:03:36 PM
From: Jim Willie CB  Read Replies (4) | Respond to of 65232
 
Anderson partners will cooperate to the hilt
they want to see their company avoid RICO gutting
we will see
I personally want Anderson put out of business
kaput, dead, gutted, RICO'ed clean to the bone
these companies are not recent violators of collusion
they fought anti-collusion laws forcefully with big lobby money
they are and were invested heavily in collusion
by collusion I mean audit + consult
it became conspiratorial in the relationship
then outright fraud, misrepresentation, and concealment

the remedy will be painful
the effect on investor confidence is only starting
I like the idea of rotating auditor roles
give them 3-yr contracts
that way we avoid creating bedmates
/ jim