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

To: mishedlo who wrote (21407)	1/12/2002 6:19:25 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

Can this be true? $600 Billion may have been used to prop up the stock market at key moments in late September and early October 2001 thru Enron- By: Damon Vickers Wall street loved Enron with Buy and Strong Buy reports all the way down!!! WASHINGTON (CNN) - Arthur Andersen, the auditor for Enron Corp., admitted Thursday that its staff destroyed documents related to the probe of the bankrupt energy trader. The global accounting firm notified the Department of Justice and the Securities and Exchange Commission that individuals in the firm "disposed of a significant but undetermined number of electronic and paper documents and correspondence relating to the Enron engagement." "Destruction of documents is obviously an extremely serious matter," Stephen Cutler, the SEC's director of enforcement, said in a statement. "Documents are an essential ingredient in our investigations." -NO KIDDING!!! The amount of documents destroyed could number in the "thousands," press reports said.-cnnfn Like most big corporate donors, it has hedged its bets. On Capitol Hill, 71 of the 100 current senators and nearly half the 435 congressmen have received contributions. Members of the Bush Cabinet are very very busy courting the press and media to quickly negate any focus on them, or the president, -as we can obviously expect. There is a rumor that of the billions sucked out of Enron, about $20 billion worth multiplied through derivatives to approximately $600 billion, may have been used to prop up the stock market at key moments in late September and early October 2001. This is a very very sick deal… You may recall earlier in the year in 2001, I said repeatedly on the air during the energy spikes that the energy shortages were illusion and in all likelihood the result of market manipulation…” I don't believe in any of this, and this is probably more about a bunch of guys in dark trading rooms trying to make enough money to earn their first Porsche on your backs” and that "Enron" was probably at the heart of it all. What I couldn't understand at the time was how one single company was allowed to put itself in such a monopolistic position to control something so critical and central to the whole country with out anybody saying much of anything…? Somebody looked the other way… and in all likelihood this isn't the first administration that looked the other way.Before it is all over Bill Clinton’s name may come up as well. The story of Enron is not over, and before it is over; may spell serious jeopardy to the Presidency itself, this uncertainty is certain to affect the financial markets in the days and weeks ahead. “Get short or get out of the way”-dv damonvickers.com Now Enron is gone, what will happen to the prop?