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

To: Baldur Fjvlnisson who wrote (159)	1/12/2002 7:44:30 PM
From: Mephisto	Respond to of 5185

"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." Dear Baldur, I will not put additional money into the stock marekts. There is too much risk. I have heard that people will be reluctant to trust accountants, especially when there is a conflict of interest as there was with Andersen. Andersen was the accountant, on one hand. On the other, they advised Enron on how to avoid tax liability via offshore accounts and offered other tax advice to the company. And 35,000 employees from Ford will be laid off. Boeing will lay off 30,000 b4 they have finished.