From: Phil Osborn (philosborn2001@yahoo.com)
Date: Sat Jun 29 2002 - 15:27:36 MDT
http://www.washingtonmonthly.com/features/2001/0206.shuger2.html
I had a friend who worked for many years in accounting
at Ernst & Whinney. He told me then that high-level
corporate accounting was a standing joke. He claimed
that he would see orders come in from some Fortune 500
corporation - "we have 50 million in profits. We
NEED 20 million in losses. Fix it."
And they would, always.
I note that used motorcycle prices along with a host
of other optional use items have skyrocketed on EBay
over the past 6-9 months. All that money from stock
sales and non-investing has got to go somewhere. Hold
onto your hats.
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