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gunnar

02/01/11 12:57 PM

#12712 RE: tenenbaum #12705

Exactly, how can the company 'show the money' without relying on a third-party? If they show bank statements, how does anyone know they aren't fake? If they show a photo of piles of currency, that could be photoshopped or just a short-term loan for the photo day. In the end, the ONLY way to prove currency is to have a professional third-party source, with its own reputation and professional standing on the line, verify the cash by whatever means it determines appropriate.

This is why the short game of attacking Deloitte is so ridiculous, if we can't rely on auditors then the whole stock market is just a matter of one opinion against another (which would suit them fine since they are liars).