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To: Sig who wrote (8140)	7/11/2002 11:53:08 AM
From: stockman_scott	Read Replies (2) \| Respond to of 13815

WHITE COLLAR CRIME AND THE ONGOING ECONOMIC DEPRESSION gold-eagle.com <<...QUESTION: Why did American corporations, Wall Street, and our government resort to years of institutionalized and government protected deceptive and white collar criminal accounting for corporations? ANSWER: American corporations resorted to criminal accounting in order to avoid bankruptcy courts. Wall Street resorted to the business financial deceptions of pro forma, EBITDA, and "estimates", in order to conceal corporate losses resulting from an ongoing economic depression so as to sell to stock investors near worthless stocks at Rolls Royce prices (the white collar crime of price fixing). The political motive of our government protecting criminal accounting was to win political re-elections because of a publiclly perceived prosperous economy. The Wall Street motive of profit from stock market 'pump and dump' price fixing combined with the government motive of political incumbants winning re-election. With shared mutual self-interest, they coordinated the implementation of the criminal illusion of a 'sound economy' that was so financially injurious to stock holders. It was classic academic governmental white collar crime. All of the three necessary academic elements of "governmental white collar crime" are clearly present: 1) Illegal behavior, 2) cooperation between corporate institutions and governments, and 3) socially injurious consequences. De facto bankrupt corporations avoided the bankruptcy courts for a few more years of plundering corporate assets by top management. Wall Street got rich on 'pump and dump'. The incumbant politicians got re-elected. Blindly trusting sheeple, as stock market investors, got financially raped in a criminal 'pump and dump' stock market...>>