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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (1244)7/2/2002 11:10:08 PM
From: t2  Read Replies (3) of 89467
 
Scott, Sure prosecuting the Ken Lay types may help in some ways.

You must realize that we are also going to see lots of prosecutions on very iffy evidence just for political reasons. Charges will be brought up on many CEOs for the big headlines.
Yes, the obvious ones need to be prosecuted..I agree with you on that.

However, this environment will make CEOs/CFOs very nervous even about their legitimate insider sales. They will be more worried about themselves instead of the their companies, especially in tech. That is not good for their businesses.

I think you will see a less aggressive American business culture in the future. That is what had set the American economy and stock market apart from Europe.

Now we may be setting the stage for a very conservative approach to business that resembles what the Europeans had done in the past.

So why invest in the US markets if one is in Europe or Asia...can make a strong case for pulling out.
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