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Bad news for some. Opportunity for others
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pknoeber
Posted 10/28/2018 07:23 (#7069439 - in reply to #7068984)
Subject: RE: Bad news for some. Opportunity for others


SW KS, near Dodge City
I work at a bank and understand internal controls and multiple approvals very well. Guess how all those come about? Someone somewhere discovers a situation such as this that shows the need for them. There is no economically feasible way to safeguard 100% of everything. Heck, there’s a good chance those derivatives products weren’t even in existence when most of the systems were set up. And I’d rather have a good businessman running the company than a good CPA. Yep, the cpa will keep it from happening, but the businessman will make enough more money to fix it
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