Remember Enron, WorldCom, Adelphia, and other companies had artificially put assets on the books? They'd say something was worth $10M when they bought it, but eventually it decreased in value, and they never updated the value in the books. That was part of the fraud. Under current laws at that time, they were all convicted and put in jail for fraud. Then we got all mad and made all these new laws that are coming out the wazoo called Sarbanes- Oxley. It's a huge, massive law but the idea is that we were going to mandate ethics to corporate America...
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