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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (144495)	1/18/2002 12:09:12 AM
From: Les H	Read Replies (2) \| Respond to of 436258

Japan sold $ 9 billion in foreign bonds for 4-11 money.iwon.com bailout and restructuring for largest supermarket chain in Japan money.iwon.com

To: Les H who wrote (144495)	1/18/2002 12:15:14 AM
From: Ken98	Read Replies (1) \| Respond to of 436258

More Enron goodies: <<Law firm advised Enron not to worry / Vinson & Elkins discounted warnings about accounting [...] THE REPORT by Vinson & Elkins partner Max Hendricks III, a copy of which was obtained by The Wall Street Journal, concluded that Enron’s practice of forming special-purpose entities to keep debt off its books was “creative and aggressive,” but that “no one has reason to believe that it is inappropriate from a technical standpoint.” [...] Vinson partner Ronald Astin also was involved in structuring some of the partnerships, according to an Enron source. [...] She also specifically cautioned Lay against using Vinson & Elkins “due to conflict.” Despite that, Lay did turn to his longtime allies at the firm. [...] Bennett argues that Lay would have conducted a more thorough investigation of the partnerships if his attorneys had recommended it.>> msnbc.com So let's see - we have Enron blaming the accounting firm; we have the accounting firm blaming the partner-in-charge of the relationship; we have the partner-in-charge blaming the in-house lawyers; we have the outside lawyers blaming the accounting firm; we have the CEO blaming the outside lawyers. This is a hoot.