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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (11211)	7/9/2002 11:48:20 AM
From: James Strauss	Respond to of 13094

William: Guess who the auditor was??? : > There is a common thread here... Andersen seems to be linked to these companies in the headlines these days and Bush and Cheney are linked to some of these companies... Did someone say Watergate??? ""All The President’s Men Chances are you’re among those who believe that, never mind the fancy defence put up before the US Congress, Enron’s disgraced ex-chief Ken Lay and his colleagues like Jeff Skilling were clearly cheating the public by keeping quiet about the problems Enron was facing, about the mountains of debt they hid from public view while, at the same time, disposing off their own Enron stock. Well, guess what? Lay’s in good company, in the company of the man whose presidential campaign he and his firm contributed to generously — US President George Bush is perhaps guilty of doing somewhat the same thing. A recent news story in The Wall Street Journal gives details of how George Bush sold around $850,000 of his stock in the Harken Energy Group shortly before its mounting debt was made public. In 1989, Harken officials, says the Journal, crafted a scheme that essentially allowed it to shield $10 mn in debt ... after months of back and forth with the Securities and Exchange Commission, Harken was forced to amend its annual report to show a much larger net loss, of $12.6 mn, than it had reported initially. A Bush spokesperson, for the record, told the Journal that drawing any comparison between Enron and Harken was ‘simply ludicrous.’ (Ironically, or interestingly, Harken’s auditors were a firm then known as Arthur Andersen & Co)"" fecolumnists.expressindia.com content_id=3975 Jim