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

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[EMAIL PROTECTED]

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