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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (221037)	1/22/2002 8:16:07 PM
From: ThirdEye	Respond to of 769670

My response was to Mr. Hauser re his interpretation of the "free market" in which survival is to the fittest(Darwinism). He conveniently overlooks certain factors such as the rule of law, systematic deception, collusion and conflict of interest in suggesting that folks who lost money on ENE have only themselves to blame and it's perfectly OK because they were probably inferior individuals anyway. Certainly companies do not breed, but neither is it entirely through breeding that people become collectively better. It is through direct learning and observation. Someone else's misfortune is part of that learning, although Hauser doesn't quite acknowledge that. Neither his metaphor nor your Dirty Harry metaphor flies because Bush's mother in law, even though she could be faulted as naive, inexperienced and uneducated regarding the market,(and despite your chart) is actually in the same boat as many highly experienced market players who were buying ENE at $5 and under. Why? Because Dirty Harry carries a .45 in his pocket. And when people see his badge they know he's packing. No one at ENE or Andersen wore a badge, but someone was packing a cannon and didn't tell. That puts everyone else, regardless of their own sense of their personal limitations, at a disadvantage. I have my own personal sense of justice, but I frankly don't know the law in this area so I don't know what's possible. But I think we need to know who was(were)the Dirty Harry(s) at ENE and didn't tell, giving everyone a false sense of their own limitations. As far as the boom and bust and the crimes of the analysts, sure, it might have been nice if the law pervented them from doing some of the things they did. But at the very least their predictions of the future were not built on the kind of lies that are emerging here. I haven't heard of SUNW or INTC shredding documents.