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Who Watches The Watcher?
I'm almost certainly not the only person to point it out, but we need to keep hammering on this point: the irony of the federal government investigating anyone else's accounting practice is profound. If I kept my books like these guys, I'd have been locked up long ago.
Posted by Rand Simberg at February 05, 2002 07:46 AM
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Ain't it the truth, as I implied in this post.
Posted by Andreas at February 5, 2002 10:40 AM
As I implied in this post:
http://www.morethanzerosum.com/archives/000829.html
Enron will be pillaried for taking liberties with GAAP. The government has never even tried to issue statements in accordance with GAAP.
Posted by andreas at February 5, 2002 10:42 AM
Excellent points all. I just had lunch with (among others) Martin Hutchinson, UPI's economics editor, who is putting the boot into the new budget's accounting in his next column. I'll try to link to it on England's Sword when it come out.
Posted by Iain Murray at February 5, 2002 01:55 PM
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