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They have acknowledged they have an overstatement problem, and they are going to see someone about it.
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This is clearly an overstatement of the problem.
The name refers, of course, to the American effort to develop an atomic bomb during World War II, an-exaggerated-for-effect overstatement of the problems facing ink-on-paper newspapers: declining circulation, stagnant ad revenues and rising costs.
But there is also a danger in overstatement that presents the problem as unsolvable and future outcomes as inevitable.
The problem is the overstatement of piracy's effects.
Shell's reserve problem arose from overstatements dating back to 1997, the company said in its annual report filed in May.
While that may be an overstatement, the Knicks are certainly having problems.
Even if there is no outright embezzlement or fraud, Mr. Smith at the Cardozo School of Law notes, problems often arise from transgressions like overstatement of claimed deductions.
George French, on behalf of the F.D.I.C., said in written testimony, "This proposed legislation would result in an understatement of problem loans on banks' balance sheets and an overstatement of regulatory capital".
In its original report, the Boskin commission said that the overstatement of inflation in the price index stemmed from a variety of problems.
Other officials said that it would be a significant overstatement to say that the Israeli-Egyptian peace treaty was in trouble, and that Israel and Egypt had a history of working through their problems together.
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