Lee Scoggins
Senior HTF Member
how dare you leave out the intentionally poor accounting practices of the US govt?!Way to go Chu! I was discussing this earlier with friends. It turns out that someone applied GAAP accounting standards to the government, the "surplus" of $170 billion would have been like a $358 billion shortfall!
And Congress is grilling Enron executives? How ironic! They practically invented off-balance sheet financing!
Anyway, 120 decibels is way loud and not really a good measure of dynamics as stated earlier.