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aimenathan_discussionpost2 - business as a whole The...

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Subject: Discussion Post 2 Posted by Nathan Aime Tue Jul 6 23:00:41 2010. Message: I do feel that some of the generally accepted accounting principles were ignored by the large banks. I think the most important principle ignored that had the biggest disastrous effect would be the lack of ethics. I feel that without ethics, nothing else can be trusted. Trust is the backbone of economics and
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Unformatted text preview: business as a whole. The scandals that were brought to light made the investors lose faith in the companies that were following the rules and everyone ended up suffering because of a few selfish people who didn't care about the consequences and impact it would have on the entire financial industry....
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