tag:blogger.com,1999:blog-2611021408437270881.post4076372285482846387..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Pay Up, Or Else!Independent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2611021408437270881.post-78678083086218740832008-10-30T17:00:00.000-07:002008-10-30T17:00:00.000-07:00Anonymous:Don't make light of America's current si...Anonymous:<BR/>Don't make light of America's current situation. I have likened it to that of 1780s France, at for example my 22 September 2008 post. Governments fall when they become bankrupt. That's history. When Uncle Sam's debt collapses, we will be lucky to see an American Napoleon as opposed to a Hitler arise. Really. That's history.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-776662817284893182008-10-30T16:37:00.000-07:002008-10-30T16:37:00.000-07:00The government is owned by Wall Street executives....The government is owned by Wall Street executives. I think that's been made clear to everyone. They and their families are the royalty of America. <BR/><BR/>The meowing I hear across the blogo-sphere is good for ratings ,but is on par with "How will we produce food when we get to Mars."<BR/><BR/>The US public is stoned on fatty food and cable TV. They are hopeless, divided by distance and identity (the fact that 40% of the US public thinks Sahra Palin would make a fine Pres says it all). In fact they'll stone you to death if you say she's not. <BR/><BR/>Heck, they've just been robbed of their 401ks and lost their jobs but <BR/>say nothing, do nothing except post <BR/>chatter on websites.<BR/><BR/>Until people are starving in the streets, nothing will change.<BR/><BR/> I fear though that the good people at Frito-Lay will never allow such an event to transpire.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-51474272205988310042008-10-30T16:07:00.000-07:002008-10-30T16:07:00.000-07:00Francine:I agree Sarbox could be used, but I would...Francine:<BR/>I agree Sarbox could be used, but I would rather ignore it and rely on pre-Sarbox statutes, if for no other reason to show Sarbox was largely superfluous.<BR/>If our new president gives William Lerach a pardon then appoints him SEC chairman, that would out the fear of the Lord into Wall Street. And increased the SEC enforcement budget 100%. Paraphrasing Hamlet, "Tis a consummation [I] devoutly " wish. <BR/><BR/>Been there:<BR/>Yes there was an SEC Chairman named Harvey Pitt. I've been critical of him at these posts: 10 and 16 August; 7 and 9 October 2007; 12 and 27 April, 9 and 11 July and 23 August 2008. I disagree that Cox's superiors in the Bush adminstration are forcing him to do anything. I believe Cox was hired with the understanding he would protect Wall Street and he has functioned as expected.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-36481062581546341452008-10-30T15:42:00.000-07:002008-10-30T15:42:00.000-07:00"I think that SarBox provision could be used and f..."I think that SarBox provision could be used and for some reason the Feds are letting Andrew Cuomo in New York do the heavy lifting for them…"<BR/><BR/>I seem to recall that a previous SEC boss/Bush appointee Harvey Pitt sat on his hands before pursuing the bad guys during the last go-round with the ENRON, WORLDCOM, etc bad guys. I also seem to recall that it was prior NY AG Spitzer's successes in pursuit of those rascals that finally embarrassed the SEC to finally get its game together. IMHO this administration’s MO is to force the SEC chief to sit on his hands and let the markets take care of themselves no matter what transpires.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-58908103981009819262008-10-30T09:07:00.000-07:002008-10-30T09:07:00.000-07:00On criminal action, when the crime bosses are in c...On criminal action, when the crime bosses are in charge of the courts the only way to get justice is to remove them by citizens action, the time for the guillotine is close replacing the statue of the wall st bull with the tool of the french revolution might encourage the criminals to reform before they become fodder for that terminal form of justiceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-25757985940342950072008-10-30T08:07:00.000-07:002008-10-30T08:07:00.000-07:00I think that SarBox provison could be used and fo...I think that SarBox provison could be used and for some reason the Feds are letting Andrew Cuomo in New York do the heavy lifting for them. I hope he gets a good job in the Obama administration...<BR/><BR/>I also agree that a little fear of jail will make these guys pay up and pay back. But given what we're seeing with how the bailout funds are disappearing into the AIG black hole for example, I'm not sure the money shodu go back to the Fed. AIG is owned 80% by the Feds and still doesn't believe they owe any responsibilty to the taxpayer to report how they're sepnding our moeny. And no one us forcing them to do so. Send the National Guard. :) <BR/><BR/>I'd like to see the plaintiff's lawyers stick it to the banking executives. Repossess the Bentleys in Fairfield CT.Francine McKennahttps://www.blogger.com/profile/10924408055939762237noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-10860318799593873182008-10-29T23:48:00.000-07:002008-10-29T23:48:00.000-07:00If all those crooks are in jail and stripped of al...If all those crooks are in jail and stripped of all their assets, I won't feel as ripped off about the trillions of dollars of bailouts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-54028720377090803042008-10-29T18:40:00.000-07:002008-10-29T18:40:00.000-07:00Great Write-Up!!Great idea too! Sparky's been...<B>Great Write-Up!!</B><BR/><BR/>Great idea too! Sparky's been saying for years now that Morgan Stanley shareholders would beetter off if John Mack, the repulsive and elitist piece of human refuse, were to promptly resign.<BR/><BR/>But frankly, MS shareholders woyld be far better off ig were to be sentenced to 20 years!<BR/><BR/>At the same time, it would amount to "pay back" for how he, represented by thunder-thighs "Juice," completely escaped SEC-inspired prosecution regarding his tipping Pequot Capitel Management about the Heller & GE Capital deal.<BR/><BR/>Sot of like what OJ is now going through; back door justice one could call it.<BR/><BR/><B>Sparky</B>Anonymousnoreply@blogger.com