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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (12759)1/4/2002 2:26:32 PM
From: Baldur Fjvlnisson  Read Replies (3) of 74559
 
And BTW, with 3000 employees how can the SEC scam come up with only 300-400 fraud cases/year? What is all that garbage doing to while away the hours? We didn't understand Enron. Is this supposed to be a serious law enforcement agency?

We're only talking about the world's largest economy here. A few hundred fraud cases/year.

Only almost 300 million people. A stock market that is basically one big fraud driven mess. Hello?

Enron: just a promising start. When AOL has been sold down to $10-12 the SEC scam will get the call and inform the market: We didn't understand AOL.

Ford: bankrupt. GM: bankrupt but a little later. Various financial companies: totally bankrupt.

How many balance sheets do you think JPM-Chase has?

That mess will go belly up this year and then the U.S. banking system will come tumbling down in a cascading way.
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