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Technology Stocks : Intel Corporation (INTC)
INTC 37.91-1.4%Nov 11 3:59 PM EST

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To: BelowTheCrowd who wrote (178969)8/10/2004 8:14:20 AM
From: GVTucker  Read Replies (1) of 186894
 
Michael--

You completely misunderstand what happened to Enron. Enron had blown up long before that. Go all the way back to August 2001, when Andrew Fastow resigned. California had nothing to do with why Enron blew up.

Next, LTCM didn't fail just because of illiquidity. It was the combination of illiquidity and imperfect hedges. They were not buying and shorting the same thing.

And the Hunts? They were just stupid.
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