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Well, they busted the founder of Adelphia Cable and his two sons this morning for fraud. I just hope this is a sign of things to come and not a sacrificial offering to soothe investors. For more info, check it out at http://www.foxnews.com/story/0,2933,58606,00.html .
MrKangaroo, you need to understand that by cooking the books, corporations have the ability to make that elephant look like a 115 lb. jockey. We can argue about this all day, but you are not going to convince me that it's the investors fault because he invested and lost in cases like this. Worldcom, Arthur Anderson, Enron, AOL and others have LIED to their investors, plain and simple. These companies falsified their accounting to make their companies look good to investors, which is blatently WRONG.
Yes, investing is a form of controlled gambling. But even in its purest form, it is ILLEGAL in gambling to rig the game so the players lose and the house wins like these people did. If you disagree with that statement, you will only confirm my suspicions that your real name is Ken Lay.
Oh...BTW...AOL/Time Warner announced this afternoon that they are being investigated also...more 'book cooking' (does Martha Stewart have a cookbook on book cooking out yet?)...I wonder who else is in line?
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"Martha Stuart"
Need I say more. She had better hold on to her griddle. She is getting her pants sued off now for insider info that she allegedly used to sell off early stock. Who's next Snow White and Mickey?
