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Non-Tech : The Enron Scandal - Unmoderated
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To: The Duke of URL© who wrote (2145)6/3/2002 2:14:49 AM
From: Raymond Duray  Read Replies (1) of 3602
 
Re: Either the customer is paid back or he is stiffed. Both senarios result in a depression.

The mandatory arbitration clause we all have to sign pretty much guarantees that the customer is stiffed. Rare exceptions will occur in the case of outright fraud, as in the Guttadauria case presently being discussed in Congressional hearings.

But I still don't see any of the Enron shareholders getting much of anything. Lerach's civil suit will get some disgorgement, but I don't think any of the pension funds or 401(k) holders will ever be made whole.
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