Xerox follows Enron and Worldcom.

The wildfire of accounting controversies engulfing Enron Corp. and tech-sector companies such as WorldCom Inc. is scorching another company. According to a report Friday in the Wall Street Journal, Xerox Corp. could have to restate its 1997 to 2001 earnings to the tune of more than US$6 billion.

Is this going to take us into another great depression? Will the American public be able to look past the dishonesty of the (hopefully) few?