What are you talking about? Is the average member of the public really expected to have kept up with how full and fair reporting by accountants walked off this path? And how many political lobbyists prevented putting tihs right for a long while now? I dont think that the average voter has ever thought that so-called democracy gives them equal control of changing laws as fast as they need be chnaged in certain situations...and to take but one example, clearly the law on white collar corruption has been far too lenient for a long time now
Of course you can then say that the avearge person shouldnt invest in shares. But then as pensioners -almost foirced by very non-transparent tax ploicies again sponsored by fincial dis-service industries - we're most of us in this average boat. I dont think we've got what we desrved at all. I think there's been huge manipulation of social decency, and within most of the high and mighty professions there have been pockets of greed which have sailed completely over the other side of the wind. Indeed, maybe Al Capone was a saint compared with some of these chris macrae [EMAIL PROTECTED] Transparency Standards Community www.valuetrue.com ----- Original Message ----- From: "Fred Foldvary" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: 23 July 2002 14:08 PM Subject: median voter and financial scandal > If, as I think is evident, lax accounting rules contributed siginficantly to > the currrent financial scandals and stock-market decline, then it must be, if > the median-voter hypothesis is correct, that the median voter favored such > legal larceny as not requiting options to be expensed or not clearly stating > that auditing firms also do consulting with the same firm. Since such > legalized deception inevitably leads to this kind of grand larceny, the > median voter must now be very happy that he got his wish. > > Fred Foldvary > > ===== > [EMAIL PROTECTED] > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > >
