Is it really surprising that a guy named Madoff "made off" with people's money?
Or that Enron made an "end-run" around the SEC to legitimize the accounting gimmicks that allowed it to inflate its financial statements and rip-off investors?
And don't even get me started on Amway, the pyramid-like multi-level marketer that is often referred to as ScAmway by its more vocal critics.
WorldCom conned the world; Crazy Eddie's prices were "insaaaannne" -- and so was its accounting. Overstock.com (NASDAQ: OSTK) might as well be known as OverPromise.com. Bank of America's (NYSE: BAC) acquisitions of Countrywide Financial and Merrill Lynch destroyed the company and cost taxpayers billions. What should we have expected from a series of mergers that could have actually led to a company called Lynch America Countrywide, as Andy Kessler so brilliantly calls it?
What does it all mean? It's probably just a coincidence. But I for one will be typing the name of every stock I consider investing in into one of those online anagram finders just to make sure that nothing is amiss.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Reader Comments (Page 1 of 1)
3-09-2009 @ 3:39PM
Mike O said...
Google "J.T. Marlin"
3-09-2009 @ 3:46PM
MatWith1T said...
Zac Bissonnette - Zaniest Best Con
We're onto you!