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Non-Tech : The ENRON Scandal
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To: Smart_Money who wrote (2626)2/7/2002 6:31:23 PM
From: The Duke of URL©  Read Replies (1) of 5185
 
And now there is some twit on television saying that relaxing FD, the only thing that Congress let slip by, caused Enron.

The truth is the opposite. In order to tell the big banks how to invest, the company had to disclose information that it did not disclose to the common stockholder.

Reg. FD made this clear that this was Against the Law.!!!!

Before these investment banks were not prosecuted for dealing with inside information,

Hence Enron was made possible. Because these lies were overlooked,

Now these jerks think that we are dumb enough, not to understand that it was that FD was not enforced, not because of it.

On the other hand, when I read some of Baldstar's posts or cnbc commentary, maybe they are right.
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