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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (4654)8/16/2002 11:47:18 AM
From: Jim Willie CB  Read Replies (3) of 89467
 
heard that Citi's Salomon is at risk on Adelphia fraud

yet another lawsuit against Citi
they apparently knew much about improperly diverted funds by Rigas family
they knew specifics about the actual investments
this lawsuit theme is gonna grow into a monster

Citi already is being sued class action by Enron sholders
their claim is based upon non-disclosure of the illegal hidden debts in offshare SPE's

this doesnt even address myriad dotcom and diddly tech IPO's
all of which are dead equity issues

this lawsuit theme will grow and grow and grow
the USA nation is one of lawsuit-happy crazy people
with tens of thousands of lawyers eager to help
for once I might be proud of our legal profession
SIC SIC SIC 'EM
/ jim
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