tag:blogger.com,1999:blog-6588122599485414132.post3397278586384480734..comments2024-03-13T17:17:02.506+08:00Comments on Malaysians Must Know the TRUTH: Further Gov’t support for 1MDB carries risksMohd. Kamal bin Abdullahhttp://www.blogger.com/profile/03061526146793499751noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6588122599485414132.post-46213259533777913602015-03-30T23:39:23.643+08:002015-03-30T23:39:23.643+08:00"Further Gov’t support for 1MDB carries risks..."Further Gov’t support for 1MDB carries risks"<br /><br />Just to share this...<br /><br />"...In the end, the best lessons of all will come from the mere fact of Enron's bankruptcy. Investors and bankers may learn not to trust companies that report mysteriously spectacular profit growth; <br /><br />auditors will be warier of bosses' pressure to sign dodgy accounts; rating agencies and regulators may be more nervous about companies that do not come clean about all their activities. <br /><br />In the drama of capitalism, bankruptcy plays an essential part - until the next boom."<br /><br />Enron's bankruptcy Wasted energy - http://www.economist.com/node/895651<br /><br />First they killed all the accountants: How big banks, corporations and government made themselves unauditable - http://www.salon.com/2014/05/04/first_we_kill_all_the_accountants_how_big_banks_corporations_and_government_have_made_themselves_unauditable/<br /><br />The dozy watchdogs - http://www.economist.com/news/briefing/21635978-some-13-years-after-enron-auditors-still-cant-stop-managers-cooking-books-time-some<br /><br />You be the judge.flyer168https://www.blogger.com/profile/06969462363484277458noreply@blogger.com