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The Five Dumbest Things on Wall Street This Week

 

1. Honey, I Told You the In-Room Mini-Bar Was a Ripoff

We're feeling all warm and fuzzy inside here at the lab. And not just from the keg left over from the holiday party.

No, it's also because of Tyco International (TYC Quote). See, we read the report that outside counsel David Boies issued Monday. And bless his heart, following his research, Tyco "is not aware of any systemic or significant fraud related to the company's financial statements or of any clear accounting errors that would materially adversely affect the company's reported earnings or cash flow from operations for the year 2003 and thereafter."

Now, doesn't that restore your faith in human nature? ...

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