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To: Amy J who wrote (169190)8/9/2002 10:12:09 AM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 186894
 
Pardon? What company are you taling about?

What is potential unrealized debt?

My post alluded to the absolute power that the major banks like citicorp have. They get harvey pitt to pump a rule that requires ceos to become accountants.

THEY DON'T CARE ABOUT THE RIGHTS OF THE INDIVIDUAL INVESTOR. They care about getting the loan repaid, at the expense of shareholders rights.

The job of the ceo is to run the company to create value. The job of the accountant is to present the results on the balance sheet.

The job of the bank is to lend money, not get into the business of selling tax shelters that hide the bank loans from the unsupecting public so that the company can continue to issue stock at an artificial value so the bank can forclose first and blow the shareholders out the window with out disclosing this to them first.