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


To: bonnuss_in_austin who wrote (1008)1/31/2002 11:49:59 PM
From: c.horn  Read Replies (1) | Respond to of 3602
 
400 stories on Global Crossing's collapse and only 4 mention that paragon of virtue Terry McAuliffe..

I bet I can count on one hand the Enron stories that do not mention Bush.



To: bonnuss_in_austin who wrote (1008)2/1/2002 12:00:21 AM
From: greenspirit  Read Replies (2) | Respond to of 3602
 
It looks like you completely missed my point and went off on some strange tangent. I didn't say Enron was the media's fault. I'll try again...

Enron would have made the news for a day or two under normal circumstances (that being no political angle). It would have probably made page one in the Wall Street Journal for a week, and that's about it.

It was a business failure. Pure and simple. Businesses do fail. Sometimes miserably. This one was larger then most. Big deal. It didn't cost me a dime. Another company picked up Enron's business when it failed. Another company will grow and fill Enron's vacuum. Another company will hire the Enron workers who lost their job. It's sad. But these things happen in the real world every single day.

Many Enron employees took the risk and held onto their stock. It was their risk to take. They are adults. They got burned and their stock collapsed. Happens all the time in the real world. I've had it happen to me before. Investing in stocks is risky. If you can't handle the risk, buy a government bond instead.



To: bonnuss_in_austin who wrote (1008)2/1/2002 8:41:08 AM
From: jlallen  Respond to of 3602
 
A concept you will never understand:

With freedom comes responsiblity. The press has an obligation to report facts. They have failed miserably in large part....