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Non-Tech : The ENRON Scandal

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To: Patricia Trinchero who wrote (2070)2/1/2002 3:51:40 AM
From: Raymond Duray  Read Replies (1) of 5185
 
Hi Patricia,

Re: Corporate fraud will be the buzz word of the first decade of the new century.

That should do wonders for stock prices. Doncha think?

I'm getting this sinking feeling about the markets. I keep having these timelines come to mind.

1929 - the stock market breaks
1932 - massive bank failure
1933 - four years too late, the SEC is created
1936 - Insull Trust, an electricity trading shop is exonerated, six years after investigations of market manipulation and insider self-dealing.
1937 - Richard Whitney, President of the NYSE sent to Sing-Sing Prison
1954 - Eventual recovery of confidence in stock markets

Pretty gloomy to consider, eh?

-Ray
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