Companies and States Lying about Finances

States are hiding their liabilities and companies are exaggerating their stock market attractiveness by lying about finances. First there was Enron and then a few years later the housing collapse when we learned that the ratings on the mortgage-backed securities were completely misleading. And yet the same scams keep happening as people continue lying about finances. Drudge shared two stories last night that I think go together. Both states and publicly held companies want to appear to be Read more […]