[b]9divdoc wrote:
Quote Minute Man3
Republicans are too blame for Arthur Andersons crime?
Criminals steal because they are hungry?
So I guess you would say Republicans cause crime?
ROFLMAO...[/b]
I must say when I read this I Rolled on the Floor an Laughed My Ass off to!
It would appear by your response that there are a number of things that factor in to this response that defentitly shows your lack of intellegence.
1. You must either be in high school or just recently graduated because you fail to see that with any cause there is an effect, and with many things there are consequeces with choices that people make.
or....
2. You either must be a very young adult or an older person that has not paid any attention to politics for the last 10 years?
The congress overturned a veto from clinton in the 1990's that effected the whole accounting community.
Know it is not the republicans or democrats fault that all this financial uncertainty is going on, you obviously failled to see that just because something is legal, it might not be the right thing to do, mainly because it lacks integrity.
Many companies use creative accounting practices to hide negative balances. Mainly because when a companie comes out with there quartely statements, or rumors flow that a certain companie is loseing money, it effects there stocks, and since CEO's, and CFO's have such huge amounts of stock options that range in value in the millions or sometimes billions of dollors, it is in there best interest financially to bend the rules and use creative accounting practices, not really careing or thinking about the adverse effect it would have on the people that are employed within the company, mainly because they are only thinking about themselves.
So it is not the republicans or democrats fault, they did have a hand in makeing it easier for companies to not have integrity, but it is ultimitely up to each CEO,CFO,Board of Directors, and accountants to make the choices and decisions that are ethical,moral, and show that they are integral people. Just because something might be legal, does not always make it out to be the best and the right thing to do. Something being legal is a moot point, what really is the point is what is ethical, and shows integrity. And Major companies need to be riened in because they have been getting away with alot of things that are not right.
The lines that are supposed to be drawn that seperate CEO's CFO's, accountants, and Boards of Directors has been blured and have been being crossed for years, there is not a system of checks and balances, mainly because people stand to gain or lose millions of dollors.
I am not against big business, or business in general, we need businesses to provide jobs so we can feed our families and live, but we need companies to use integrity in the finacial dealings.
So it is ultimately the CEO's and CFO's faults, not the republicans and democrats. Although the politicians made it alot easier for companies to bend the rules and make huge profits off of stock options.
Oh and people do steal to eat. It happens all the time.