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Subject: Re: Rush to judgement


Author:
Rootbeer :o)
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Date Posted: 15:00:19 01/19/02 Sat
In reply to: Ronlee 's message, "Rush to judgement" on 08:55:35 01/19/02 Sat

Do you really beleive that Enron is the only corporation out there cooking the books...That's the problem with having mega huge corporations gobbling up everything. It gets so bit that one hand doesn't know what the other is doing. Enron is just an example of that concept.

And this call for more government regulation of...oh, pick someone or department that's messed up in this, there seem to be lots to choose from in this case...is just about enough to make a person scream and pull hair out by the roots. Yeah, let's get some bigger entity that doesn't know what the guy in the next cubicle is doing to regulate "it." What a joke.

Rootbeer :o)
Let's just keep letting all of them trickle down on us...like we have a choice or anything.

> 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 judgementRonlee17:49:52 01/19/02 Sat


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