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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (3833)	12/13/2001 10:48:30 AM
From: Ahda	Respond to of 24758

When will these fools understand that free market means that you don't try to control "fluctuations". When they get back to base math. If that means the whole world has to go into a recession to accomplish less creativity and leave mathematical theory in the area that it belongs in called science that is fine with me. I thank someone on the knighty tin board for this wonderful example which is all too true . Capitalism You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income. Enron Venture Capitalism You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred through an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The Enron annual report says the company owns eight cows, with an option on one more. If investors think they are being fooled do a double take of the company. They haven't a hope in heaven of containing costs or creating solid revenue as at some point all the fictional dealings become part of the reality nothing is there. A bunch of emperors are now walking around nude in invisible kingdoms. Powell might be better off to address the problem of base math and the rest will take care of itself.