| OPINION Bob Weaver 2002|
The loss of billions and billions of dollars are behind the corporate collapse of
WorldCom, Enron and shaky financial dealings of at least a dozen other companies
that practiced creative accounting with little oversight, bilking investors, workers and
Millions of people will experience some losses in their stock accounts and retirement
The ripple effect will come down to every American, in the case of WorldCom, 63,000
people could lose their jobs.
Enron is an example of screwing heads on backward with government regulators.
part of the powerful trend toward free market, world trade.
Most Americans are paying little attention to the
unfettered, hand-offs, fast track for quick dollars, trusting the financial wizards and Washington
When it falls apart, the politicians will scurry to shift blame.