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To: maceng2 who wrote (751)7/28/2003 8:13:26 PM
From: Wade  Read Replies (3) | Respond to of 48092
 
Hi Pearly,

Great article. Thanks. It is really big time crime. I think most people (the whole nation) even did not know that they were robbed. These crooks should be locked up for 30 years.

It is sad to see so many company top executives are this kind of criminals. I am really worried about our next generation. How many crooks will they face? Where are the basic social moral standards? Did our generation fail humanity? Or, this is the evil gene we all have? Sad..sad..

Wade



To: maceng2 who wrote (751)7/29/2003 4:06:18 PM
From: Yogizuna  Read Replies (1) | Respond to of 48092
 
>>> The report states that Parseghian was assured by Arthur Andersen, then Freddie's auditor, that the transactions were allowed, that they followed the letter of accounting standards. Within the rules or not, it doesn't make much difference. The intent was to deceive investors, and for that, everyone involved ought to take a fall. <<<

Yes, definitely. He should resign immediately, but of course these days, most people have little or no shame unfortunately.