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To: Oeconomicus who wrote (11433)8/8/2002 8:37:23 PM
From: ms.smartest.person  Respond to of 11568
 
Maybe they haven't gotten to '98 yet.

The government WON'T let them go under. Too many contracts with FBI, CIA, DOD - and, who's gonna buy them? furriners?

At least it's given cable news something else to talk about. That turtle with new wheels just about wore me out.

I had CNBC on, but just for background noise. LOL

Merry



To: Oeconomicus who wrote (11433)8/8/2002 9:09:14 PM
From: BWAC  Read Replies (1) | Respond to of 11568
 
<conveniently overlooked the fact that they had to build up those reserves by overstating bad debt expense, understating earnings, in prior periods>

Details, details. I was waiting until somebody caught that.

It shouldn't be a surprise that more is being found. From what I can tell ratio wise the line cost expense misclassification went back many years. As in the ratio looked the same for 2002, 2001, 2000, 1999, 1998, etc.


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