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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (46135)	1/10/2002 3:59:06 PM
From: NOW	Respond to of 65232

dream on....

To: stockman_scott who wrote (46135)	1/10/2002 4:18:17 PM
From: TigerPaw	Read Replies (1) \| Respond to of 65232

I have no worries about Bush doing anything improper to help Enron. One question that must be asked and answered is why the Bush administration refused very publicly to address the California energy crisis just a day or two after Cheney met with Lay. Did Lay indicate he needed the high prices to stave off bankrupcy? Grey Davis' manuver to obtain sufficient power from other sources may have sealed Enron's fate. TP

To: stockman_scott who wrote (46135)	1/10/2002 5:21:16 PM
From: At_The_Ask	Respond to of 65232

401k lockdowns are pretty common whenever there is a change in whoever administers the plan. I think the question is: Did the change in administration occur in order to prevent the employees that had knowledge of what was happening from dumping shares?

To: stockman_scott who wrote (46135)	1/10/2002 6:26:26 PM
From: Gary E	Respond to of 65232

I agree with you, If I had my drothers, I'd have the gvmt make a deal with all the exec's....and save the taxpayers some coin... ..Return ALL money from your personal and family assets...you get to keep $100,000 worth of personal property, this means house, car, bank acct, futniture, toys, boats, etc...now your wife will have to go to work..ohh, tuff sh!t huh....and You go to jail for 10 years.....maybe you'l get lucky and have a bunkmate named Bubba that is 6'9 and 300lbs.... all this instead of the govmt taking it all away and locking your a$$ up for life....no parole...because what you did is criminal....and deserve to be at Bubba's beck and call.... Hal

To: stockman_scott who wrote (46135)	1/10/2002 7:06:00 PM
From: inesa	Read Replies (1) \| Respond to of 65232

Mr. Lay declined a 60 million dollar option and he supported both Clinton and Bush equally, although his own politics were more aligned to the conservative side as most of Texas is anyway. Even after writing off 600 million dollars in profits, ENE was still profitable for the year. The stock collapsed when they lost their rating. Seems to me an investigation is in order but the rating service could have acted with a bit more caution. The jury is still out. The accountants have made statements that they followed the IRS code but were told later that their usage and interpretation was flawed. Given the complexity of the IRS tax code, I would hope that IRS officials are summoned to the hearings to explain just what the world their code means!