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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (46973)	1/25/2002 7:34:48 PM
From: stockman_scott	Read Replies (1) of 65232

Some folks think 'the big scandal' hasn't even been exposed yet... Message 16963257 <<...It would be the height of naivete for anyone to believe that Ken Lay would allow Andrew Fastow to profit so dramatically from his managing partner's position in the LJM partnerships, without having a much greater, if undisclosed, windfall arranged for himself. He'd do it for the sake of his ego if nothing else. What Arthur Anderson and the Enron accountants were so diligently destroying was the record of hidden positions that Lay and others held in the off-shore partnerships, where they've netted hundreds of millions in untraceable, untaxed profits. This is the big scandal, and unfortunately it is the part of the story which is most likely to get swept under the rug because it implicates too much of the elite of Wall Street in the fleecing of America by its corrupt elites. There are so many dirty hands, and the corruption is spread so far throughout the cultures of Houston, Washington and New York that we will never be allowed to learn the truth...>>

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