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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: furrfu who wrote (15348)	12/21/2001 9:10:46 AM
From: Softechie	Read Replies (2) \| Respond to of 99280

I don't think they'll regulate the energy business. Take a look at telecom sector. It's a disaster and they're not fixing it. Telecom sector loss is 100 times worst than 1 Enron.

To: furrfu who wrote (15348)	12/21/2001 9:20:51 AM
From: orkrious	Read Replies (1) \| Respond to of 99280

RE Enron, Cramer had a good article this AM thestreet.com Oh my! Sandbagged at home by the Trading Goddess! And on Enron (ENE:NYSE - news - commentary - research - analysis), my own personal mission! That's right, last night I got home after shooting "America Now," my show on CNBC. My wife, who rarely watches it because she says she sees enough of me at home, is furious. I figure she's angry because of Enron's chicanery. Nope, she's furious at me for defending those poor people at Enron who lost their life savings. She says Larry Kudlow and idealogue Rich Lowry from the National Review, who argued that you can't keep people from doing stupid things, were dead right and I was dead wrong in calling for government protection of 401(k)s. I told her that people need to be protected by the government from having too many eggs in one basket. She said no way. She had watched those people on the panel in front of the Senate, and she said those people should be embarrassed. I told her they lost everything in their 401(k)s because of what I think will be wrongdoing. Enough already, she said. Some of these people had a million bucks in Enron stock, they had made a million dollars. There are bulls, there are bears and there are pigs. They should have taken Enron off the table. I told her about the lockdown in the summer, that they couldn't sell once the bad news hit. She said that the lockdown was wrong, but that well before that, when they had a million dollars in Enron stock, they should have been ringing the register. They were greedy. No amount of legislation can correct that greed. "You should be teaching people to take profits when they have big profits, not pushing for legislation that might end up keeping them from ever making one," she said, shouting at me by this point. "I agree with Larry." I admitted that these people had ample opportunity to take profits, but they didn't. I said I felt bad for them because of what happened. I thought she was going to say they deserved it. But instead she just sighed and said, "Look, it's still all about greed. Everybody was greedy. This wouldn't have happened if they weren't." And with that, she went to sleep. I stayed awake, pondering how my wife could agree with these free-marketers over her own husband.