Monday, March 16, 2009

How CEO's and Politicians Looted the ...

The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&l Industry

The catastrophic collapse of companies such as Enron, WorldCom, ImClone, and Tyco left angry investors, employees, reporters, and government investigators demanding to know how the CEOs deceived everyone into believing their companies were spectacularly successful when in fact they were massively insolvent. Why did the nation's top accounting firms give such companies clean audit reports? Where were the regulators and whistleblowers who should expose fraudulent CEOs before they loot their companies for hundreds of millions of dollars?

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[The swindling, deception, embezzlement and fraud continues ...]

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