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

To: Raymond Duray who wrote (1288)	1/26/2002 11:24:33 PM
From: Mephisto	Respond to of 5185

"The authorities only take enforcement actions when pissant players are involved, for the most part. It would be a hoot to see if JPM was scrambling in the options markets on ENE in order to cover the losses they've announced that they've suffered on their Mahonia subsidiary. I am certain we only get selective disclosure from JPM, and while it suits their interests to say they've lost money in Mahonia, just as George Bush's poor mother-in-law has lost money on ENE stock, that we simply won't be told about ways these losses are made up, or of other trades that don't pass the smell test. This loss-making confessional of the past week has been a real laugh riot and a hypocritical sham. But, the sanctimonious won't be detered. They'll just keep trying to sell this palaver to anyone gullible enough to believe it is the whole story." Thank you for your shrewd analysis! I wasn't naive enough to weep over the poor George Bush's mother-in-law. It wasn't a significant loss for the BUSHES! And no doubt, her accountant will write it off against gains!