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Politics : PRESIDENT GEORGE W. BUSH
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To: Mr. Whist who wrote (232699)3/1/2002 3:36:57 PM
From: Bill  Read Replies (1) of 769670
 
Bush pal
Depends on your definition of "pal". In mine, he doesn't appear to be Bush's pal.

Kennie Boy Lay was touting Enron stock to the public and TO EMPLOYEES for their 401(k) plans while he personally was dumping hundreds of thousands of shares
This is a lie. An Enron VP touted the stock to employees on a 1999 videotape. The stock quadrupled in the following three years. Nobody in senior management "touted" it after it quadrupled except WS analysts.

... while all the time receiving "for-your-eyes-only" reports that things weren't so ship-shape accounting-wise. I believe this nefarious practice is known as Big Biz pump-and-dump.
His trades are public record. You nor anyone else can show me a single trade that smacks of dumping. To the contrary, Lay got stuck with almost 3 million worthless shares, a loss of $200 million.

If that isn't enough, then let's take a look at Skilling raking in $66 million in stock-sale profits (thanks to inside information) while longtime faithful Enron employees saw their 401(k) plans shrink from $350,000 to $1,500.
So? Would you rather have bought the $350k of stock from the Enron employee and have it go to $1500 in YOUR account? Of course not, but that what you think should have been done to some other unsuspecting sucker.

You think the Enron workers, who mismanaged their own 401K accounts, should have been able to dump their shares on the general public after they got inside information. That's pathetic, pal.
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