bad news for big business

Quote:

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NEW YORK –– The chairman of the Securities and Exchange Commission announced Wednesday that his agency has filed fraud charges against WorldCom Inc., a day after the company disclosed it had grossly overstated its profits in one of the largest accounting scandals ever.

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http://www.washingtonpost.com/wp-dyn...2002Jun26.html

I also heard that Adelphia is filing for bankruptcy.
Is all this stuff going to affect consumers
or slow down technological progress?
Anybody here lose money in the stock market?
:cool: