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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (52042)5/24/2002 3:53:29 PM
From: stockman_scott  Read Replies (1) of 65232
 
<<why isnt SEC/Pitt enforcing current rules vs BrokHouses>>

Good question...there's probably too much power, influence and corruption (sort of like trying to enforce the rules vs. the Mafia <G>).

Here are a few questions for you...

Why have we destroyed Andersen BUT failed to really go after the most guilty parties of all --> the top execs that used to run Enron...?? In an interview the other day on CNBC Former Fed Chief Paul Volcker said it is essential for us to hold CEOs accountable for fraudulent activity...he wants MUCH stiffer penalties than we've seen in the past. I couldn't agree more. Last time I checked Kenny Boy, Fastow and Skilling were still in possession of huge fortunes they made ILLEGALLY and they're meeting with teams of lawyers to try to shield their wealth from lawsuits...Something's wrong with this system. Where's the justice for the little guy who got screwed by Enron management...?? Oh well, at least they can't get their reputations back. Maybe if we're lucky they'll have some time to think things over in prison.
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