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To: Selectric II who wrote (47427)	2/5/2002 3:00:49 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Enron liability may depend on memo... msnbc.com Regards, Scott btw, Mr. Lay and The Enron Board may have violated certain key fiduciary responsibilities...It's also becoming apparent that Mr. Lay may possibly have commited fraud as well as insider trading...it depends on whether he took action to conceal things or gain benefits when he had material insider information. I will not judge him today. Yet, things don't look good for Mr. Lay. He CAN NOT blame everything on his insider auditors or on Andersen. They will be held accountable too. We've only seen the tip of the iceberg so far....stay tuned.