Fraud @ WCOM

Ever notice that the negative news gets such a tremendous amount of exposure ....yet, the positive news gets little or no exposure. ie: GE expected to meet earnings estimates, etc. etc. hmmmmm. Also, I wonder what effect this will have on gold ? Anyone know?
 
Well if the dumb money is going into cash - gold is on its way to $1000, with an easy target of $400 for the end of the year
 
George W., at a press conference with Tony Blair this morning, said that the situation at WCOM is totally unacceptable and that it will be thoroughly investigated, and people will be held accountable.:)
And Arthur Anderson, whose job it was to determine the financial health of the company says it wasn't its fault that the fraud wasn't uncovered.:mad: :mad: :mad:
 
i really like WCOM. a stock of world records.

- maximal # of shares ever traded in a single stock on one day
- maximal # of shares ever traded in a single stock in one week
- maximal % loss ever achieved overnights with a big cap stock

and it is not just dying - it explodes into a real "boom"
 
"The public deserves exactly what it gets," Ponzi replied. "No more, no less."

"It's never going to change," says Gordon, the Wall Street historian. "As long as there's a great deal of money to be made on Wall Street, there will always be people of dubious morals coming up with new ways to fleece the sheep. Welcome to capitalism."

snippets from: High and Mighty Crooked

http://www.washingtonpost.com/ac2/w...e&node=&contentId=A44476-2002Feb8¬Found=true


It appears that, the more things change the more they remain the same.

Josh
 
. . . is a contra Arthur Andersen fund, one that shorts all companies that were with AA in the immediate past.

Big bucks to be made there.
 
Originally posted by Lavish
Ever notice that the negative news gets such a tremendous amount of exposure ....yet, the positive news gets little or no exposure. ie: GE expected to meet earnings estimates, etc. etc. hmmmmm. Also, I wonder what effect this will have on gold ? Anyone know?
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That's one reason I listen to the news with less than 1/2 an ear. It needs to be unspun. Anyone who takes the talking heads literally is living in the Alice's Wonderland region in Hell.
 
It's too bad the present administration has to clean up the mess of the previous....literally and figuratively. But, it is a truth that the responsible always clean up the messes of the irresponsible.
 
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