The Enron Scandal - Unmoderated Message Board

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Non-Tech : The Enron Scandal - Unmoderated

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To: Glenn Petersen who wrote (2241)	6/27/2002 2:55:14 PM
From: Raymond Duray	Read Replies (2) of 3602

Hi Glenn, That was an interesting article from Forbes. But it turned out to be quite a teaser. We're left completely up in the air as to the purpose behind this bombshell announcement. Re: Everything about the story is too pat. So, let's do a cui bono? analysis. An obvious winner is Enron, which recedes further from the public's eye and gets less scrutiny from an overwhelmed SEC staff. And Wall Street's smart money, playing the short side also is going to have a huge payday by the end of October as the stock markets continue their inexorable selloff as scandal after scandal is announced to a shell-shocked and weary "investing" public who rightly are going to be scared as all 'git out' about the stability of their retirement savings if these funds are to remain in the equity market. One possible endgame for the smart money is to completely trash the capital markets, profiting on the short side on the way down. And once we are at the nadir of a financial depression, since they are the only players with money to use, they'll acquire assets at pennies on the dollar. And then start the reflation cycle all over again. -Ray

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