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"If thats the case then your also alleging they submitted fradulent Annual Stockholder reports to the public and if that happened my question would be........where was the SEC enforcement over decades and decades when this happened?" So where in any of the posts did I allege that the passenger railroads had submitted fradulent annual stockholder reports.  I referred to the "then" accounting and SEC reporting standards as being different from the current standards.  I did not state or imply that they could be applied retroactively, since by the time they were adopted the railroads were out of the passenger business.   "Some trains covered their costs and may have contributed something to net income, but my impression is that most of the railroads rarely if ever made any money on their total passenger operations."   An impression is different from empirical knowledge. Having an impression and knowing are two different processes. An impression (noun) is defined by Webster as an idea, feeling, or opinion about something or someone.  Knowledge (noun) is defined as facts, information, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject.  Both definitions are from the New Oxford American Dictionary.  To say that I had an impression and subsequently clarified it with I don't know is not a contradiction. Moreover, to make money on a passenger train or any other train, the train would have to cover it operating costs plus the allocated other burdens, i.e. administration, depreciation, etc. Accordingly, it would be quite possible to cover the operating costs, ala the Acela, but not make money on a train or the whole fleet because of insufficient funds to cover the other costs.
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