Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (267949)	6/28/2002 9:24:14 AM
From: PROLIFE	Respond to of 769670

now it's up to what may be as much as six billion.. One Wall Street commentator had the right description this morning, when he said that it is the old cockroach theory...you flush one out and many more will happen. He also mentioned that the same thing happened after the bubble in the 20s. Anyone been around long enough to remember that???

To: Doug R who wrote (267949)	6/28/2002 12:51:36 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 769670

Doug, Re: Xerox restates - We can expect a steady "Scandal a Day" stream of these restatements for a while. The accountants who cooked the books for Xerox, GX, ENE, WCOM, TYC, etc. weren't operating in a vacuum. The entire accountancy culture has been ruined by greed. This stuff will last well past the end of summer. Bush will give lip service to having corporations voluntarily take their hands out of the cookie jar. While in the background the hedge funds Bush Family, Inc. runs are gleefully toting up the possibilities of picking up assets on the cheap when the final capitulation round in the stock market follies finally hits home. An October surprise? -Ray