Yup, and you can bet all the upper management A-holes are gonna walk away with loads of cash while the common workers get squat, just like enron.
I think the old adage "you reap what you sow" is coming true.
AHHH...corparate greed, don't you just love it?
This is a direct result of all the gigantic gains the stock market has made in the last few years, and I remember Greenspan or somebody saying 3 or 4 years ago something to the effect that " 80 to 100 percent returns on investments are not realistic, and people need to realize this fact"
Well, people didn't hear a word of that, and when the companies that everybody had tons of capitol in didn't perform to this ridiculous expectation, they cash in and go greed hunting elsewhere.
So we get what we have today, the result of all the big corps doctoring the books to hide huge losses so the investors won't bail on them at the slightest hint of bad news.
I think that big business here in the states don't have a long term strategy because people want BIG BUCKS RIGHT NOW! when they invest. They are not in it for the long haul, and are looking for a quick buck so they can cash in and be rich today, nevermind what happens 10, 20 or even 50 years down the road.
I think the people that are responsible for all this "creative" bookkeeping need some SERIOUS jail time.
You cannot expect me to believe that a 3 BILLION dollar error wasn't well known about by somebody..
Sorry for the rant, but this sh*t has to stop, and those responsible HAVE to pay.
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