Monday, February 11

How do these people do it? The fugitive banker says top managers at his two former places of employment made it easy for him to swindle over $300 million; their top priority was about bringing in the cash, and they left him alone to do what he needed to achieve the numbers. The Allied Irish Bank broker's fictitious transactions created a $750 million loss for the bank, leaving investigators to believe there was inside help. Now the Government is looking into communications company Global Crossing. Read about it in this article titled How Executives Prospered as Global Crossing Collapsed. And we don't even need to say anything about Enron.

We are in a sad state of affairs in this country, all wrapped in putrid patriotic sentimentalism now corrupting the American Games --err, I mean the Olympics. Yippee-Yah-Hay-Hoo!

(New York Times articles. Login: Opensewer/Password: iswatching)

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