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

To: Lazarus_Long who wrote (416813)	6/19/2003 5:22:45 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

Re: "Oh, you might have avoided a few problems with honest accounting. Enron, Worldcom. But what of the dot-coms? >>> Well, DUH! That's what the options expensing fight was about. Most of that 'pro forma' earnings was enabled by the tax dodge of writing off options as a deductible tax expense... but not showing it as a hit against earnings (which it is, an expense that shows up on the bottom line of existing shareholders when all that stock watering filters down. and the dot coms were among the biggest abusers of this tax loophole and 'earnings shell game'. >>> Are you aware that in 5 out of the last 7 years, even mighty Microsoft would have no earnings if the stock options dilution was accounted for? And that HPQ would show larger earnings than MS? 'Pardon moi? Just what is a stock market bubble but a "financial asset Bubble"?' >>> Bonds, and Currency also participated in the Bubble... and perhaps now sections of the Real Estate market. These dwarf the stock markets. "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." >>> Make that 'Libertarian', not 'Lib', to you big boy.... and remember the 'dirty Senators' I identified who killed accounting reform BEFORE THE BUBBLE HAPPENED, were spread equally across both major Parties.