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Article: Crack Accounting; This time everything is on the level on Wall Street. Really. They promise
- Article from:
- The Washington Post
- Article date:
- August 4, 2002
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Wall Street is in trouble. This is your fault.
Yes, I am talking to you, Mr. or Ms. Small Investor. Wall Street
is getting sick and tired of your namby-pamby "wait and see" attitude
toward the stock market. Wall Street wants you to show some courage
and resume handing your money over to Wall Street, the way you did
back in the excellent 1990s, when we had a New Economy, and leading
Wall Street analysts were touting all these amazing new companies
that were in the exciting new business of . . . Okay, nobody really
knew what exact business they were in, but it was new!
Back then, the message from Wall Street, as expressed in TV
commercials for brokerage firms, was that if you gave them your ...