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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (47693)	2/14/2002 9:23:33 PM
From: Cactus Jack	Read Replies (3) of 65232

RR, A few of those ENE execs could have used your advice a couple of years ago. Now they'll each need three of you. lol Predictably, different people have dramatically different versions of exactly what happened. Sherron Watkins (the now famous whistleblower) claims that Ken Lay was "duped" (her word) by Skilling and Fastow; Skilling testified and claims he had no idea what was happening. washingtonpost.com Lay took the 5th (wisely, I think) and now he's the easy target for not laying bare his soul before a bunch of Congressmen with no protection. Ironically, this Congressional investigation will be a monumental help to the trial lawyers (who would have had a field day anyway) but could ultimately harm any criminal investigations. Isn't politics grand? Nice QCOM trade you had, by the way. jpgill

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