|
|
Article: The Myth Of Transparency.(Global Investor)(disclosure of financial statement)
- Article from:
- Newsweek International
- Article date:
- July 14, 2008
- Author:
-
|
Copyright informationCOPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Zachary Karabell; Karabell is president of River Twice Research
Both Enron and Parmalat disclosed massive amounts of data as required but were still able to deceive the public.
Lehman Brothers, one of the premier Wall Street investment banks, announced a new round of steep losses in the ongoing credit crisis. Critics were quick to point the finger at one glaring issue: "It's the lack of transparency," said one prominent fund manager. "Most investors don't have any way of knowing what is out there in terms of bad debt." This has been a common refrain over the past months, and by now few question that the credit crisis in the United States was triggered by the ...
Related newspaper, magazine, and journal articles:
|