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<p>[QUOTE=&quot;medoraman, post: 1354170, member: 26302&quot;]I was responding to your assertion that almost all corporate books are cooked. I, for one, am personally responsible for the books of a corporation of sales around half a billion. Therefor, you were accusing ME of lying in my financial statements. I included my friends since you were accusing them of being liars as well. </p><p><br /></p><p>Regarding companies that blow up, almost all of them have operations that I bet you do not understand. DO NOT ever invest in something you do not understand. I do not invest in a lot of firms since too much of their income is based upon some valuations of intangibles, financial instruments hard to value, etc. Throwing money blindly at any investment is foolhardy. However, having a few firms go bankrupt in a time of financial struggle is not unusual, and further is not cause to be personally calling me and men and women in my job around the country thieves and cheats. I was personally attesting that the financial rules for GAAP accounting have never been stricter, so I strongly disagree with your characterization that reported financial statements are the worst in history.</p><p><br /></p><p>Btw Vess I didn&#039;t mean any offense by my strong reaction, its just I took your comments personally. Its easy to say &quot;those guys are liars and cheats&quot;, but when I am one of &quot;those guys&quot; you are referring to, I take it personally. Please feel free to believe all equities are rigged and not invest in them, no one has ever said every investment is for everyone. I do believe a few companies have some issues with reported numbers, and if I do not agree with the way they present their results I stay away from the company. To say globally every CFO of a large corporation is intentionally lying, though, is just an exaggeration at the least.[/QUOTE]</p><p><br /></p>

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