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

To: sylvester80 who wrote (21296)	1/11/2002 8:28:18 PM
From: retiredcfo	Respond to of 99280

Sylvester: It will be very interesting to see where this takes the CPA profession. Risk reward is way out of whack: AA received $50 mil in fees - will probably lose billions in litigation and legal costs. Short term impact: any highly leveraged company can expect big increase in audit fees. Liability exposure for CPA's just too much. gm

To: sylvester80 who wrote (21296)	1/11/2002 11:30:00 PM
From: KyrosL	Read Replies (2) \| Respond to of 99280

So far all indications are that the millions of campaign contributions did not buy Enron anything. All officials and supposed friends did not lift a finger to help, perhaps EXACTLY because of the contributions -- to avoid the appearance of impropriety. It would be ironic if it turns out that a little help by the authorities would have saved Enron and its thousands of employees without hurting the taxpayers. I find the Enron situation similar to Loral whose chairman and CEO is a heavy Democratic contributor, and which suffered heavily from official sanctions under Clinton. Bush lifted those sanctions recently with what amounted to a wrist slap. So, in conclusion, perhaps the system is working after all.