attenuation

Three Investor Lessons from the Satyam Scandal

Having lived through the nightmarish situations of enron, lehman brothers etc I am sort of "seasoned" to expect that scandals, fake balance sheets et al can be found every where, including the emerging markets. So it ill- behoves the more "scrupulous" players of the industrialized world to raise a finger at India when even their auditors coalesce in certifying patently dubious account books. Greed has no fixed domicile!
by "attenuation31"