Towards the Precipice
Robert Brenner: The Continuing Collapse of the US Economy, 6 February 2003
“... oversight. But the crimes of Global Crossing and Qwest are peccadillos compared with the grand larceny carried out by WorldCom, which has effectively rewritten the book on corporate fraud. At the most recent count WorldCom had overstated its earnings between 1999 and 2001 by some $9 billion. It accomplished this largely (though not entirely) through ... ”