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Author: JimB100 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10568  
Subject: Re: Stock Market per a Michigan Farmer Date: 2/8/2002 7:45 PM
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"Another nail in the coffin"

I wouldn't bet a nickle that you are wrong. I am very conservative when it comes to the economy - and perhaps lots of other things. However,
as bad as this all looks, and it does look bad (Japan could really hurt us, but their money is safer here than anywhere else), I do believe that investors will insist on real-time, accurate figures that can be verified by CPA's - CPA's that have proven integrity. They are out there, they will be expensive and the companies will pay whatever is needed because NOW everyone is suspect, i.e., CPA's, lawyers, Moody's and S&P, brokerage houses, virtually all government agencies and every management there is, except possibly Warren Buffett and Charles Munger.

None of the above can allow this vacuum of integrity to remain. I believe the economy will go sideways, not topple, as long as we are assured that hard work is being done to bring trust back into our system...not the talk, but the walk.

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