Friday, June 28, 2002

Corporate Crime
CEOs make a Break for It (humor)
Flavors of Fraud A delicious article by Paul Krugman
Generally Accepted Accounting Abuses
The Gang that Couldn't Loot Straight
Its now painfully clear that Enron style abuses are all to common. Meanwhile the Bush administration is intent of weakening the SEC with his appointee. I'm not sure if he understands this or not, but if investors think the stock market is being run by crooks there will be no investments and no investment equals no economic recovery. These recent cases of corporate crime (and the corresponding pressure from the business community not toughen regulations) highlight John Kenneth Galbraith's point (which he made in regards to Hoover) that what's good for big business is not what's good for the economy.

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