Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (14429)	2/4/2002 4:59:16 PM
From: Ilaine	Read Replies (1) of 74559

The Enron scandal is so perfect for the era - it's the stuff of made for television movies. Nobody really understands derivatives, and everyone lost money in the stock market, so the whole country is looking for a villain/scapegoat. Enron just happens to have behaved so egregiously that no one, not a single person, can explain any of it away. We aren't going to see think pieces in the higher thought journals explaining how it really wasn't all that bad. Even Michael Milliken had his defenders, but no one will defend Ken Lay. We will see rich people get their comeuppance, and to top it all off, they live in Houston, and are already behaving badly. Mrs. Lay is behaving like Imelda. An expose' of her shoe closets is next.-g-

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