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To: LLCF who wrote (175533)	6/26/2002 10:45:54 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

DAK, the WCOM $26 billion in debt was rotten for a long time any way so foreign or not it was not a secret for months. It is more the media that made the headlines the professionals knew it for a while. The issue is that world wide stocks are dumped and if speaking of rotten accounting just go to Europe and S E Asia. TO date the US has the most transparent accounting system ....... the fact that most money managers do not read financial statements and do not do their own research worldwide is a completely other matter ....... and there lies the problem ....... performance at any price ignoring the basic rules of business ...... real return on investments For the last 10 years or so a successful money manager was a talented salesman and stock pusher. They all were paraded on CNBC and other networks. Did you noticed that all the "STARS" of last few years are no were to be seen today??