Rush to judgement -- MBURG "the one and only"

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Subject: Rush to judgement

Author:
Ronlee

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Date Posted: 08:55:35 01/19/02 Sat

As reported on 700 WLW Saturday morning, Rush Limbaugh is defending Kenneth Lay. Rush says that Mr. Lay watched his personal holdings dwindle from 2.2 billion to 130 million before the collapse. I don't see it. It seems to me the rewards of being the head of a huge corporation must come with certain responsibilities, at the very least accountability.
Enron has collapsed and now before the dust can settle Mr. Lay is selling off assets, including two homes and parcels of land in Aspen, wonder where that money will end up, Caymen Islands perhaps?
Of course Mr. Lay did not conspire by himself to rip off the employees at Enron. The accountants cooked the books, the brokerage firms sent out buy recommendations in spite of the impending doom and as the stock began to plummet our very own congressmen, on both sides or the isle, joined in the sell off, leaving the "blacked out" 401k'ers holding the bag.
Some of this activity, especially the accounting practices, may prove to be illegal but most of these things are not.
When the dust finally settles on the Enron collapse we may find this group of people did what Bin Laden could not, deal a terrible blow to the markets in the form of terrorized investors.

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Replies:

Subject	Author	Date
Re: Rush to judgement	Rootbeer :o)	15:00:19 01/19/02 Sat
Re: Rush to judgement -- Ronlee, 17:49:52 01/19/02 Sat Re: Rush to judgement -- Rootbeer :o), 16:59:32 01/25/02 Fri Re: Rush to judgement -- Ronlee, 21:17:53 01/25/02 Fri Re: Rush to judgement -- Rootbeer :o), 08:03:39 01/26/02 Sat