Qwest to Restate Earnings
Brad Knowles
brad.knowles at skynet.be
Mon Jul 29 20:52:21 UTC 2002
At 7:56 AM +0000 2002/07/29, Paul Vixie wrote:
> in real time and i've got to say that harvey pitt sounds like the man
> for this moment. quoting his speech:
My wife used to work at the SEC. Her opinion on this subject is
that Harvey is a day late and a dollar short.
Arthur Levitt wanted to have a stronger separation between the
consulting & accounting arms of firms like Arthur Anderson, but
Congress killed it -- Enron managed to contribute enough to the
various re-election funds of various politicians that it didn't stand
a chance.
Maybe if they had listened to Arthur, Enron would have been
caught earlier, and maybe not have been so bad. Maybe WorldCom
wouldn't have happened at all. Maybe Qwest might have been caught
earlier. Maybe they might have turned up something more on Microsoft
and been able to really slap them down, as opposed to just applying
some perfume to their wrists.
--
Brad Knowles, <brad.knowles at skynet.be>
"They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety."
-Benjamin Franklin, Historical Review of Pennsylvania.
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