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To: IceShark who wrote (19175)9/30/1998 10:51:00 AM
From: Canard  Read Replies (3) | Respond to of 164684
 
Tell that to Chairman Arthur Levitt. Did you read his "Accounting Hocus-Pocus", "Big Bath Charges", "Creative Acquisition Accounting", "Miscellaneous Cookie-Jar Reserves", "Materiality" and so on..

You know, a big problem in the Japan's Banking system was their creative accounting. Sooner than later with these kind of practices - it could be US.