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Non-Tech : The Enron Scandal - Unmoderated
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To: greenspirit who wrote (738)1/27/2002 5:18:14 PM
From: Raymond Duray  Read Replies (1) of 3602
 
Hi Michael,

Re: The internet has been a wonderful tool for the small investor, who now has access to information only the wealthy had before. It has leveled the playing field and given the average family a chance to participate in the capitalist market.

I don't know what planet you live on. Here's what happened to the small investor during the Internet stock scandal:

pbs.org

Far from enriching the small investor, with the convenience of the touch of a mouse, and horrible online advice from "analysts", she's been fleeced. You may not have noticed that the NASDAQ has fallen from 5100 to 1900 and change. That's the small investor who has borne the brunt of that loss. The Internet simply let's us know how bad things are much more quickly.

Re: Your view - who now has access to information only the wealthy had before.

Oh come on! You gotta be kidding..... The insiders still control the game. Always have, always will.

Re: In totality, the internet has been a big plus, not a big minus.

Yes, we've created an entirely new class of criminals, the crackerz. We spend billions on security. We have more fear of identity theft than ever before, in short, the internet has been a big plus for the manufacturers of headache medicines. <gg>

-Ray
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