September 30, 2008
Fraudulent accounting practices are not a good way to restore the economic health of this country. Open and honest accounting practices will lead to the devaluation of companies that have made poor decisions as they should. Companies that have made the right choices over the past years will sweep in and buy these troubled assets at a realistic price and that is what will save the economy.
I think most investors will agree and avoid investing in any company that follows the practices you are proposing.
Regards,
Steven Pierce