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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Logain Ablar who wrote (6378)6/27/2002 7:28:44 PM
From: Raymond Duray  Read Replies (1) of 33421
 
Hi Tim,

You know, I have to respectfully disagree with you. It seems that the Chinese wall between markets and the law has been breached. And in a most unfortunate manner. When Arthur Leavitt left Washington and the SEC, he was heard to quip that "the little guy no longer had any friends in Washington." Today, I found out that the long reach of Washington is now being extended to California with the intention of perverting the operations of a State Bankruptcy Court:

sacbee.com

<Copy>
Ashcroft removes bankruptcy trustee
She's won praise and drawn fire for acting as the public's advocate in the PG&E case.
By Claire Cooper -- Bee Legal Affairs Writer
Published 2:15 a.m. PDT Wednesday, June 26, 2002
Linda Ekstrom Stanley, the no-nonsense official who has stood up against corporate giants in the Pacific Gas and Electric Co. bankruptcy case, has been removed from office two years before the end of her term under orders by U.S. Attorney General John Ashcroft.

As regional bankruptcy trustee for eight years, Stanley has been the U.S. Justice Department's official watchdog over bankruptcy cases in Northern and Eastern California and Nevada.

She has acted aggressively as the public's advocate,
<Continues online........>

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For a smart son-of-a-bitch like you with no scruples, this ought to be a good indication it's time to buy up distressed PG & E bonds. I'll bet you're just cynical and diabolical enough to think that's the smart thing to do.

You really disappoint me.

-Ray
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