What part of what I said is difficult for you to understand?<quoted text>
Crimson - To honest, I have a hard time following your diatribe. Below is the link to NT's Q4 earnings release issued on January 21st of this year. It shows they made $1.47/share in Q4 vs $.55/share in 2007. There earnings per share were also up 7% year over year and that includes a considerable charge in the 3rd quarter for one time charges. They made money in both years!
I know the head of the SEC resigned, I also know that it is still not impossible for a company to hide losses. It is just a lot harder, and more expensive, to do it since Sarbanes-Oxley was implemented few years ago. Since you didn't address this part of my first post, I will assume you have no idea what I am talking about. I suggest you go look it up.
Lastly, I didn't say you couldn't make an accusation. You just make yourself look stupid when you have absolutely no idea what you are talking about.
So what if NT's earnings show that they made a profit??? SO WHAT? Did not ENRON show THEY were making a profit...until all their employees except the CEO and CFO and a few other thieves take it all???
So in your mind the public is supposed to believe that since Sarbanes-Oxley was implemented we are good to go?
A December 21, 2008 Wall Street Journal editorial stated, "The new laws and regulations of the Sarbanes-Oxley Act of 2002 have neither prevented frauds nor instituted fairness".
Northern Trust, which received and accepted $1.6 BILLION represents and promotes an unsavory management style in today's economy.
Again, I encourage everyone to MOVE their earnings and holdings to another institution that promotes better citizenship than that of Northern Trust.
I hope you understand this post...if not please read slower.