Cooking the Books – Again
David Stockman lied to the American people about the federal budget a quarter-century ago. This week, he got indicted for doing essentially the same thing to investors.
As Ronald Reagan’s budget director, Stockman promised that we could cut taxes and balance the budget. It didn’t turn out that way.
Stockman later admitted to a reporter: “None of us know what’s going on with these numbers.”
Now he has been indicted for misleading investors about the deteriorating financial condition of auto-parts maker Collins & Aikman, where he was CEO.
He must have figured that if he got away with it in
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Cooking the Books – Again
David Stockman lied to the American people about the federal budget a quarter-century ago. This week, he got indicted for doing essentially the same thing to investors.
As Ronald Reagan’s budget director, Stockman promised that we could cut taxes and balance the budget. It didn’t turn out that way.
Stockman later admitted to a reporter: “None of us know what’s going on with these numbers.”
Now he has been indicted for misleading investors about the deteriorating financial condition of auto-parts maker Collins & Aikman, where he was CEO.
He must have figured that if he got away with it in
Click Here to discuss and comment on this and other articles in our Forum.