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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (29856)	7/15/1998 4:08:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

From Fleck's yesterday rap: <<Another highly popular name, Sunbeam, is being investigated for accounting irregularities. Business Week has an article this week discussing the fact that two-thirds of all CFOs have either cooked the books or been asked to cook the books. It's an interesting article that gets back to this whole business of corporate (shall we say) fibbing. It's almost as though investors now believe, "We don't care if you lie to us; as a matter of fact we love it--just don't get caught lying to us." There doesn't seem to be any outrage over this sort of activity, but I believe there will be down the road when the dust settles in the bear market. There will be big investigations on accounting irregularities and, in my opinion, mutual fund market manipulation. There is a lot of this going on that no one seems to care about because they haven't been hurt too badly--yet. >>