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To: stock bull who wrote (170486)	7/31/2002 11:09:06 AM
From: calgal	Read Replies (1) \| Respond to of 176387

jewishworldreview.com

To: stock bull who wrote (170486)	7/31/2002 10:48:45 PM
From: mepci	Respond to of 176387

The president is accountable, even though nobody called on this. Our government runs on the Warrant system. The President is the biggest warrant holder. Each of the Government Contract officers are warrant holders responsible for purchases they make or authorize. There is huge gap in the need and practice of auditing in Government. The Government turn will come. Currently the biggest risks are in abuses by CxOs, auditors, and financiers. We need to take care of this first. Imagine how difficult it is in other countries, when you the work that has to be done in the country which is cleanest in the world. We may have to spellout the warrant system in the Government for everybody understand the mechanisms that are already inherent in our system. One clear example is the fiduciary responsibilities that are spelled out to Real Estate licensees. In real estate everybodys fidiciary responsibilities are clearly spelled out in the very first classes. There the brokers has a huge warrant (loosely - fiduciary responsibility). Actually Warrant is the authority along with which fiduciary responsibility goes. Punishments are already severe when warrantholder or fiduciary breaks their responsibilities. It is irresponsible to say that we cannot control peoples behaviour. We can lessen the opportunities for people to do irresponsible things, without curtailing individual freedoms. In short, may be the President should ouch for the financial statements the treasury releases.