SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The ENRON Scandal
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mephisto who started this subject1/15/2002 5:29:05 PM
From: Bill Jackson  Read Replies (2) of 5185
 
Well, As a Canadian and not living in the USA I hear a lot of stuff about Enron in the US that washes acrss the border.
I sure looks like the accounting firm was very crooked with their document destruction. I wonder how that will pan out?
As for Bush, I have not heard him say much about it at all. From what I see the administration refused to bail out Enron. That is the correct thing for them to do. Look at all the crap that happened in Japan when the government bailed out debt ridden companies. Same in Korea. At least in the USA we let the birds with broken wings fall to earth, Enron has nothing but broken wings to fly with.
As a charitable act to the small guys who lost part of their pension it would have been nice of him to save it, but I think it would be against the law to save it when there are remedies of various kinds.(sue the principals who stopped them from selling their shares in their accounts, make those principals disgorge their illicit trade profits to the good of those pensioners, etc.

Is this a crime from the Clinton era that just came to roost in the Bush era and he and his party had nothing to do with it and are correct in keeping hands off.

Of course Bushies want to blame the democrats and vice versa, but I think the problem lies with the accounting firm and the rules that allowed those partnerships to hide those debts from the Enron bottom line.

Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News