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Jul 31, 2002

Leader: Equity, anyone?

Everyone's talking about the crisis of confidence

Everyone's talking about the crisis of confidence. Or lack of trust. Or just plain fear. Investors are angry with the way public companies have treated them. They consider their current equity positions to be very risky. They feel that with all the reports of accounting scandals, ineffective boards, insider malfeasance, conflicted auditors and regulatory toothlessness, it is now far riskier to bet on equities than ever before. Their portfolio values are way down and they feel that the spate

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