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To: schrodingers_cat who wrote (140930)	3/26/2002 8:03:37 PM
From: GST	Respond to of 164685

This quote of AG is right on -- and it reminds me that I never believed AG really wanted a bubble in the first place: <<``Some changes, though, appear overdue,'' the Fed chief said. He said current accounting for options has created ``perverse effects on the quality of corporate disclosures'' that made it harder to evaluate earnings. Specifically, failing to include stock-option grants as employee compensation ``has increased reported earnings and presumably stock prices,'' Greenspan said.>>