but he and charles are erqually unbelievers in lenin, both go off the track by failing to establish a framework within which ANY empirical data is relevant, let alone the minutiae or chicken entrails they are exchanging
lenin had an argument both charles & doug ignore.
more when i get my wrist back
carrol
Carl Remick wrote:
> >Carl Remick wrote:
> >
> >>I think *you're* out of sync with current reality here, Doug. Off
> >>the top of my head, I can cite Xerox, Lucent, Cendant, Rite Aid, and
> >>Cisco as examples of major companies that have had either huge
> >>accounting scandals of late -- long undiscovered by supposedly crack
> >>auditors -- or grave suspicions concerning their bookkeeping. This
> >>vaunted "transparency" is just so much, ah, PR puffery.
> >
> >That these were scandals which eventually came to light and which
> >typically came with severe punishment of the stock price (not to
> >mention an SEC investigation) suggests that these aren't norms.
> >
> >Doug
>
> "Eventually" is the operative word there, Doug -- these cons were very
> difficult to ferret out -- and clearly the incidence of these episodes is
> increasing. Moreover, as the economy worsens, more desperate businesses
> will surely cook their books also -- using all the artful dodging that
> transborder financial flows and computer-aided fraud make possible. Score
> one for Lenin, I say.
>
> Carl
>
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