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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (416672)	6/19/2003 5:11:38 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769670

would have headed off the worst excesses of the financial bubble Oh, you might have avoided a few problems with honest accounting. Enron, Worldcom. But what of the dot-coms? They were telling you they weren't making money, had no real prospects of making money (if you actually read all that boring paperwork you got), and were dependent on vulture capitalists. And still the sheep bought hoping things would hold together just long enough for THEM to get rich. Things like pro forma earnings are a fairly recent phenomenon. Prior to that, earnings were good old GAAP. And STILL people insisted on putting their money into highly speculative ventures hoping the Greater Fool Theory would pay off for them. Our problems stemmed not from a 'roaring Bull Market'... but from a financial asset Bubble Pardon moi? Just what is a stock market bubble but a "financial asset Bubble"? I know you libs are absolutely committed to proving all the ills of the world, including purse snatching, buggery, and child molestation, are the fault of the evil CEOs and the Republican Party, but it just ain't so.