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Non-Tech : The ENRON Scandal
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To: Smart_Money who wrote (2520)2/6/2002 12:49:15 AM
From: Raymond Duray  Read Replies (1) of 5185
 
Smart Money,

A very smart contributor on the Foreign Affairs thread hypothesizes that the Great Depression of the 1930's was actually in an advanced state in Germany by late 1927, and that certain actions by Helmut Schacht, the Central Banker of Germany, in direct collusion with the head of the Bank of England can be linked to the crash of the NYSE in late 1929. It's an interesting conjecture.

It is also perfectly clear that there are thousands of hedge funds in the U.S. and that a significant percentage of them have placed substantial bets on the failure of the American stock market. With substantial powers to effectuate certain changes that would be conducive to making money on the way down.
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