Why do you refuse to accept that when funds were placed into ARS they "(were) considered by alomost every financial authority to be the equivalent of money market funds in safety and liquidity"?

http://agoracom.com/ir/patriot/forums/discussion/topics/371189-banosser/messages/1238051#message

There was so much of this great foresight of which you speak that in the first phase of settlements over $51,000,000,000,000 were made on ARS refunds.

If you can't or won't accept my version of the role of an Audit Committee, perhaps you might be better predisposed to that of Microsoft's?:

The Audit Committee of the Board of Directors assists the Board of Directors in fulfilling its responsibility for oversight of the quality and integrity of the accounting, auditing, and reporting practices of the Company, and such other duties as directed by the Board. The Committee's purpose is to oversee the accounting and financial reporting processes of the Company, the audits of the Company's financial statements, the qualifications of the public accounting firm engaged as the Company's independent auditor to prepare or issue an audit report on the financial statements of the Company and internal control over financial reporting, and the performance of the Company's internal audit function and independent auditor. The Committee reviews and assesses the qualitative aspects of financial reporting to shareholders, the Company's processes to manage business and financial risk, and compliance with significant applicable legal, ethical, and regulatory requirements. The Committee is directly responsible for the appointment (subject to shareholder ratification), compensation, retention, and oversight of the independent auditor.

Please direct me to the part which states that they tell the Executive Officers what may or may not be done?

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Be well