> From: "Danny Van den Berghe" <[EMAIL PROTECTED]> > Date: Mon, 23 Jun 2003 22:22:35 +0300 > To: "e-gold Discussion" <[EMAIL PROTECTED]> > Subject: [e-gold-list] Re: "Free" storage (was Re: gold ETF and GDC)
> Enron was to do with 'cooking the books', so that the losses /loans and > risks they were taking could not be seen by the investors. > It involved cooperation of the auditing firm for this scam to be possible. > But how would a system like DBourse avoid this kind of problem, when there > is not even an auditing firm to check the books? > When they are probably not even going to publish their exact turnover and > profit numbers every quarter... TGC could always hire an auditing firm. DBourse could do likewise. > > Any kind of dishonest management could pull the Enron trick easily on a > DBourse style exchange. You don't need a governing authority. You can build this into the risk premium. - John --- http://cambist.net --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
