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Loose Change

Market players were not slow to condemn WorldCom and the corporate scandals that were coming thick and fast last week. But out of misery comes humor, according to Bloomberg. E-mails making the rounds of hedge fund managers include these proposed new accounting acronyms: EBITDA - Earnings Before I Tricked the Dumb Auditor; CEO - Chief Embezzlement Officer; and EPS - Eventual Prison Sentence.


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