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but Arthur Andersen
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was making $50 million bucks a year off of Enron;
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are they going to question anything?
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No.
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They could basically create income any time they want.
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The problem, though, is you end up having increasing divergence
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between the income you're creating and cash, real cash flow,
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and you're having increasing divergence between what I might call
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the intrinsic risk of an asset category
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and the risk that you perceive
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based upon your own manipulative control
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over recognition of profits.