Journal cybercuzco's Journal: Do as we say, not as we do
Recent corporate scandals show that there has been alot of shady accounting going on in the buisness world. Shuffling money around, creating dummy corporations, claiming things as revenue that shouldnt be. All of these things lead to an increased distrust in corporate governance. Where was the oversight? Where was the SEC? Where were the boards of directors? Heck, where were the shareholders? Ultimately every "oversight" party was too interested in watching their stock portfolio balloon to notice that the baloon was filled with a bunch of hot air.
In this trying time we look for leadership to appear from some quarter. Somone to show us the way out of the quagmire we seem to have found ourselves in. In steps the Federal Government, the granddaddy of shady accounting. Ever hear of "black budget" projects? I bet enron would have loved to have been able to do that. "Im sorry, we cant tell you what we are spending on that project, Its a matter of Company Security". How about swapping money earmarked for social security or medicare, or the SEC to pork projects. "Yes I know we budgeted $100 Million for maintainance, but I need a new private jet". People learn from example, and congress is setting a bad example. Congress needs to have an audit done on it and then follow the auditors recommendations. Knowing congress, they would probably pick Arthur Anderson.
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Do as we say, not as we do
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