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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (12515)	7/2/2002 1:02:07 PM
From: techanalyst1	Read Replies (1) of 57684

I'm talking about enron. The bankers knew there were problems. The insiders purposely set up off balance sheet companies and financing and the traders knew that they were trading energy back and forth without moving it anywhere. They knew that Calif. would pay because they had to. I didn't say anything about wcom in that post regarding insiders. I suspect but don't know that it was mainly the cfo. Enron involved multiple agencies and there were congressional hearings on the matter and yet enron seems to have been pushed under a rug. I was asking why enron has been lost in the shuffle when wcom came up to be the latest whipping boy. Yes, we'll be getting a lot of regulations out of this. Probably we'll go too far. Thank god there are regulations governing hospitals. You don't even want to know what gets by in that industry and without regulations we'd be in much worse shape. For those who have nothing to hide, why should they worry? TA

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