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Politics : High Tolerance Plasticity

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To: stockman_scott who wrote (14713)6/28/2002 4:39:40 AM
From: Raymond Duray  Read Replies (1) of 23153
 
scott,

Re: Meanwhile the revelations keep coming. Six months ago, in a widely denounced column, I suggested that in the end the Enron scandal would mark a bigger turning point for America's perception of itself than Sept. 11 did. Does that sound so implausible today?

Enron was just the tip of a very rotten iceberg. This thing is only going to get worse for a while. The whole telecom industry is perched for way more devastation, and the accountancy that brought down WCOM was undoubted peddled by consultants to a lot of companies as a clever ruse. Chickens will be coming home to roost.

Short America? Best investment advice of the year.

-Ray
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