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To: Oeconomicus who wrote (140152)3/3/2002 1:49:38 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
You're mixing faith and history. One does not learn from the past of a religion the way one can learn from a culture or nation by looking at its past.



To: Oeconomicus who wrote (140152)3/3/2002 1:53:37 PM
From: H James Morris  Respond to of 164684
 
Bob, look what they're teaching at UC Berkeley. LOL!
>>If it were not for the magnitude of my equity losses as a result of the rampant ethical fraud within the business community in reporting earnings, I would have had a good laugh at "Accountants Can't Keep Up With Financial Complexity," [Feb. 24].

I will limit myself to one small portion, the reference to Nancy Wallace, who teaches at the Walter A. Haas School of Business at UC Berkeley.

I ask you, what is the difference between her teaching her students how to falsely keep earnings elevated and balance sheet assets low and teaching a class on how people should rob gas stations and 7-Elevens? To me the difference is getting a couple of hundred dollars in the robbery, versus cheating the public, institutional investors and lenders out of billions of dollars.

The robber might go to jail for 25 to life for stealing a couple of hundred dollars. The graduate of professor Wallace's class gets a golden parachute.

Harold L. Katz

West Los Angeles

latimes.com