Re: [CANSLIM] Banks helped WCOM cover-up


From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Banks helped WCOM cover-up
Date: Wed, 24 Jul 2002 23:56:03 -0400

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what do you expect, the government is run by politicians, most of them =
professional politicians, not businessmen, and the voting public has yet =
to mandate by law a requirement that they balance the budget using valid =
accounting principles. We continue to permit them to write their own =
rules. Traficant was expelled today by an overwhelming vote, but he is =
only the second Congressman expelled since the Civil War!! I don't think =
anyone believes that every other politician serving us in the past 140 =
or so years was all that honest, yet they all got to serve out their =
office, and many were reelected after criminal or moral behavior.

I read one report recently where a governmental auditing unit has =
refused to sign off on the audit of the Federal financial reports for =
something like 7 years because they could not account for all the =
expenditures. Billions of dollars were "misplaced" or otherwise =
unexplainable. What public corporation would still be trading if there =
was not a signed audit every year?

The voters are gullible, they will accept whatever pabulum they are fed =
if it is what they want to hear.

- ----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 24, 2002 6:16 PM
Subject: Re: [CANSLIM] Banks helped WCOM cover-up


What angers me is that there is no way we can force our Federal =
Government to follow generally accepted accounting principles. Worst =
yet, we can't send them to the pen for wasting our money and telling us =
lies.=20
Charley=20

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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>what do you expect, the government is run by =
politicians,=20
most of them professional politicians, not businessmen, and the voting =
public=20
has yet to mandate by law a requirement that they balance the budget =
using valid=20
accounting principles. We continue to permit them to write their own =
rules.=20
Traficant was expelled today by an overwhelming vote, but he is only the =
second=20
Congressman expelled since the Civil War!! I don't think anyone believes =
that=20
every other politician serving us in the past 140 or so years was all =
that=20
honest, yet they all got to serve out their office, and many were =
reelected=20
after criminal or moral behavior.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I read one report recently where a governmental =
auditing=20
unit has refused to sign off on the audit of the Federal financial =
reports for=20
something like 7 years because they could not account for all the =
expenditures.=20
Billions of dollars were "misplaced" or otherwise unexplainable. What =
public=20
corporation would still be trading if there was not a signed audit every =

year?</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>The voters are gullible, they will accept =
whatever pabulum=20
they are fed if it is what they want to hear.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DChazmoore@aol.com =
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Wednesday, July 24, 2002 6:16 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Banks helped WCOM =
cover-up</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>What angers =
me is that=20
there is no way we can force our Federal Government to follow generally =
accepted=20
accounting principles. Worst yet, we can't send them to the pen for =
wasting our=20
money and telling us lies. <BR>Charley</FONT> </FONT></BODY></HTML>

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