SI
SI
discoversearch

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: Patricia Trinchero who wrote (2070)2/1/2002 3:51:40 AM
From: Raymond Duray  Read Replies (1) | Respond to of 5185
 
Hi Patricia,

Re: Corporate fraud will be the buzz word of the first decade of the new century.

That should do wonders for stock prices. Doncha think?

I'm getting this sinking feeling about the markets. I keep having these timelines come to mind.

1929 - the stock market breaks
1932 - massive bank failure
1933 - four years too late, the SEC is created
1936 - Insull Trust, an electricity trading shop is exonerated, six years after investigations of market manipulation and insider self-dealing.
1937 - Richard Whitney, President of the NYSE sent to Sing-Sing Prison
1954 - Eventual recovery of confidence in stock markets

Pretty gloomy to consider, eh?

-Ray



To: Patricia Trinchero who wrote (2070)2/1/2002 3:56:46 AM
From: Baldur Fjvlnisson  Respond to of 5185
 
Doubt it. The U.S. economy and

markets are basically built on fraud and
criminality. Whichever frauds the
mob has looking after its interests,
such as the SEC scam and other Govt.
gestapos, will simply go
on systematically ignoring the crimes
of their owners. These gestapos aren't
accountable to anyone as is becoming clearer
by the day.

Whichever puppet the mob has in the White
House doesn't matter that much. The current
one has a long experience in mob ass kissing
so he's convenient - for the moment.

The FRAUD NUCLEAR BOMBS haven't even started
going off yet.

It'll just be a question of rugs.