And I thought Enron was bad...
A long time ago I posted a flame in response to the Fraud at Enron. What happened to the stockholders pissed me off. Some here looked at the Enron Scandal as an anomaly.
Well, unfortunately, many more corporations have been added to the list and, in the case of WorldCom, admitted to their own wrongdoing. How many out there are still "cooking the books" with no intention of coming clean?
If the market is driven by perception and expectation, how many more can be added to the list without annihilating investor confidence?