KrK
Heavy Artillery For The Little Guy
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| reply to jester121
Re: Regulator demands for info increases costs
said by jester121  :Correct. Enron and the rest found loopholes in the existing mountains of regulations and used them to gain illicit profits. They weren't loopholes. They just basically violated accounting standards and broke laws to make their company stock value increase. It wasn't a legel loophole, it was then and is now illegal.
Now, they did take advantage of lax oversight and regulation to make the frauds succeed.
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"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
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