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

To: Mephisto who wrote (1918)	1/30/2002 8:45:11 PM
From: PartyTime	Read Replies (2) \| Respond to of 5185

>>>Yet just weeks prior to Enron's bankruptcy filing - after most of the negative news was out and Enron's stock was trading at just $3 per share - all three agencies [Moody's, Standard & Poor's, and Fitch/IBCA] still gave investment grade ratings to Enron's debt.<<< And the White House didn't help, huh? It's sorta like having the guy leading the league in stolen bases on first base. What's that baserunner gonna do, wait for a steal-the-base sign from the coach? No way, Jose! You see, the league's best base stealer always has a green light to run. Indeed, Enron was so heavy and so obviously well-known politically connected, from the White House to any In-House, it's virtually automatic that anyone with oversight responsibility is gonna do the obvious, just like a base coach need not give the sign to the best baserunner. Enron was like a high school student who always had a free travel pass to roam any hallway he or she would wish. So when Bush, Cheney, et. al. claim they didn't do anything. Hey, it's probably like the base coach that didn't have to give the sign. More simply, as in a crooked card game, the deck always got stacked in Enron's favor. I guess the only flaw to how Enron had set the table, and the one thing it couldn't ultimately bank on, was the absolute, total and utter collapse of the tech market which gradually unraveled Enron's connective corporate-political webstring.