House of cards collapsing?

[redrumloa]

Sooner or later inflated earnings and cooked books will come back to haunt you, even with the gov's official nod it can't go on forever.

•Ford Fourth-Quarter Profit Falls 79%

Ford misses and admits they missed their own estimates by a long shot, PPS is down 15% so far today.

http://finance.yahoo.com/q?s=F

Gee, I wonder how many other companies have been using creative accounting and other fiction to prop themselves up :?:

 

[FluffyMcDeath]

Sooner or later inflated earnings and cooked books will come back to haunt you, even with the gov's official nod it can't go on forever.

•Ford Fourth-Quarter Profit Falls 79%

Ford misses and admits they missed their own estimates by a long shot, PPS is down 15% so far today.

http://finance.yahoo.com/q?s=F

Gee, I wonder how many other companies have been using creative accounting and other fiction to prop themselves up :?:

Creative accounting is where the pay is. The guys that tell the lies to pump up the stock are the people they call "top talent" which is what they simply MUST pay giant compensation for to retain. The guys that actually do the work of building the parts and assembling the product are simply draft animals that need to have their pay and benefits cut every year. Guys that make stuff are worth about $2500 a month. Guys that lie about how great things are make (with bonuses and stock deals in) about twice that much each hour.