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Thread: Stocks surge after Fed's new move
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[quote=GARYKINKADE,276332]Financial reports of US corps. were suppose to become more accurate(?) and transparent thru the Sarbanes-Oxley Act passed appx. 2002 after the Enron debacle. Whether that has improved financial reporting, I cannot say, and offshore domicile of (US)corporations definitely adds to the question of financial largess. It is my understanding that overseas(foreign) corporations are even less transparent with their financials (i.e. the guide lines are not as strict).[/quote]
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