how to beat the system and bamboozle the auditors. Much of what has gone wrong in the financial markets recently has Enron written all over it. Meanwhile, this CEO criminal took a page out of Bernie Ebber's book. This looks like another case study in how to look good by making bigger and bigger acquisitions. By the time anyone notices how over valued the ones you did 3 years ago were, the overstatements are not much more than rounding errors. After Enron and World Com, auditors were supposed to get some clout but we're still waiting.

Not surprising since there's more money to be made wrapping these failures up than there ever will be in keeping them afloat. Perhaps with this latest round, we'll run out of lawyers and accountants. Thanks to this, they certainly will not feel the depression like most people.