Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (13924)	1/25/2002 2:25:27 PM
From: Maurice Winn	Read Replies (1) of 74559

<I was not convinced that Mike Milken was a criminal, whereas these Enron & JPM folks require punishment even without trial> Economic terrorist criminals? Send them to the military trbunal in Cuba. Mq PS Actually, I haven't read anything about Enron, so have no idea that anyone did anything illegal or unethical - I watched Globalstar flame out in slow motion and am not convinced of illegality, though some lawyers allege defrauding of shareholders and believe they can prove it. Edit... I see CB has explained some illegality. I'll go and read her post to see what this Enron stuff is about... A brief scan looks like a bet on the future price of gas which was wrong. So the tax deductible trades became bad trades and then bad debts with no way to refinance with the hope of future hydrocarbon price increases. No wonder Iraq has sanctions still on.... large USA interests NEED high hydrocarbon prices and I think that's why sanctions have been on Iraq for a decade. Nothing to do with weapons of mass destruction, UN edicts and all the nonsense. Read all about it here: Message 15233289 Here are the last few lines to avoid a long rant.. <...But maybe more importantly [to them] was the fact that if Saddam was deposed and Iraq converted to a happy Middle East democracy, there would be no excuse to stop oil exports, and all that would mean to the oil price. Hence, "Whoa Boys!! Looks a bit dodgy up the road to Baghdad. Let's give up, accept Saddam staying there, and retreat to Kuwait. We can take potshots at him, have no-fly zones and stuff like that. He can have his palaces, his people can starve and we can have good oil prices - [Ed...meaning higher ones]". Mqurice PS: The oil companies needed higher oil prices because of huge debts. Well, 3G bidders need low interest rates because of huge debts. I hereby predict Alan Green$pan lowers interest rates further. >

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