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To: AC Flyer who wrote (14429)	2/4/2002 2:41:24 PM
From: Raymond Duray	Respond to of 74559

AC Flyer, You are the sort of intelligent and outspoken individual who might enjoy tuning in to the "America Now" program on CNBC in the late afternoons. The hosts, the inimitable Jimmy Cramer and the generally conservative Lawrence Kudlow are having an absolute field day on the End Run Scandal. Last week, Cramer called Linda Lay's histrionics the "Outrage of the Day", and proceeded to point out the millions of dollars worth of properties in Houston, Aspen and Galveston that Ms. Lay conveniently forgot. BTW, she also forgot about $10 MM in stocks that the Lays currently own, unencumbered. Giving her claim to be "struggling for liquidity" a whole new meaning. The only liquidity I suspect she's actually struggling for is the next mojito. -Ray

To: AC Flyer who wrote (14429)	2/4/2002 4:59:16 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

The Enron scandal is so perfect for the era - it's the stuff of made for television movies. Nobody really understands derivatives, and everyone lost money in the stock market, so the whole country is looking for a villain/scapegoat. Enron just happens to have behaved so egregiously that no one, not a single person, can explain any of it away. We aren't going to see think pieces in the higher thought journals explaining how it really wasn't all that bad. Even Michael Milliken had his defenders, but no one will defend Ken Lay. We will see rich people get their comeuppance, and to top it all off, they live in Houston, and are already behaving badly. Mrs. Lay is behaving like Imelda. An expose' of her shoe closets is next.-g-

To: AC Flyer who wrote (14429)	2/4/2002 6:28:25 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

ACF, another theory I have [this could be endless] is that business [and other] relationships are a mixture of old-style chimpoid territoriality and possession where wealth is something to be found and taken, by any means and the new-style idea that humans are bonded in love, synergy, voluntary interaction for mutual benefit and where the source of wealth is energetic creativity. In the second, a deal is done based on love and a desire for the output of the creative. There is pleasure in seeing one's energy and creative output enhancing people's lives. There is recognition and belonging in the payment [money, trade or whatever, perhaps just simple appreciation]. Similarly in investing. There is investment to get money and there is investment to achieve something and the two must go together to do it on a continuous basis. $ill Gates with Microsoft was making loads of dosh as well as producing things to change the world. But his $ill and Melinda Gates Foundation, headed by his father, is an investment which will not make a profit [in the conventional sense]. But he fully intends to get a very big bang for his bucks. Enron seems to have been purely a 'get the dosh' investment and business. Did they like their customers, shareholders and business associates and wish them to do well? I suspect not. Mqurice