Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (141)	1/11/2002 5:02:32 PM
From: Karen Lawrence	Read Replies (2) \| Respond to of 5185

WASHINGTON, Jan 11 (Reuters) - Enron Corp.'s (NYSE:ENE - news) Chairman Kenneth Lay telephoned Federal Reserve Chairman Alan Greenspan on Oct. 26, a Fed spokesman confirmed on Friday. The spokesman would not say what was discussed during the conversation but he did say that Greenspan did not follow up the call with any action. ``He did nothing in response to the call. It would have been inappropriate,'' the spokesman said. The White House has said Lay called U.S. Treasury Secretary Paul O'Neill and Commerce Secretary Don Evans in the autumn. The White House said the two officials opted to do nothing about their calls. The Justice Department on Wednesday announced it had opened a criminal investigation into the energy trading company, whose December bankruptcy threw thousands out of work, devastated investors and wiped out the pension plans of many employees when its stock price plunged. biz.yahoo.com

To: Mephisto who wrote (141)	1/12/2002 9:25:25 AM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 5185

Why thank you very much Mephisto. What is REALLY scary these days is that Americans seem to believe everything out of Washington. In view of history that can't be very good. But I doubt it'll last. Already the U.S. press seems to be tiring of being Govt. mouthpieces. We'll see what we'll see. The shift of Enron hasn't even started hitting the fan and there are more Enrons out there. Investors will see that practically nobody can be trusted, be it Corp., Govt., Auditors or Wall Street. Investing in the coming months with the U.S. market valued at almost 150% of sinking GDP will be like tip toeing through a minefield. Happy returns, BF