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.

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

To: Mephisto who wrote (1310)	1/27/2002 3:52:01 PM
From: joseph krinsky	Read Replies (1) \| Respond to of 5185

A large part of the fault, IMO lies here. They didn't do their jobs. sec.gov Their entire organization needs to be reviewed, more people hired, the 1933 & 1934 laws need to be reviewed with the present time era in mind, (they were written 70 years ago) they need to be strengthened, (increases in fine amounts) & they need to be able to bring criminal actions, with lengthy jail times available. As it stands now, it is an outdated, understaffed, meaningless agency. If you can steal 100 million, only be fined 10 million, not face any jail time, the old adage "crime doesn't pay" is false. The politicians didn't do anything they haven't done "forever", and they ALL, both republican and democrat have dirty hands. But until the sec is changed/fixed, the potential for problems will not go away.