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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Keith Monahan who wrote (3997)	2/7/2002 12:15:09 PM
From: Ahda	Read Replies (1) \| Respond to of 24758

As more pieces of the Enron scandal are revealed (i.e., the "broadband" division that didn't exist, secretaries being sent down to the trading floor to look busy during analyst meetings at the Company), I was wondering how many Enron employees were actual victims in this apparent pyramid scheme. I suppose this could be answered in terms of a sliding wage scale. Not to be insensitive, but I believe there must be quite a number of "victims", who knew Enron was a scam by the nature of the work (or lack of work) they were doing. Just because you don't know all the details of the scam or understand how it worked does not mean you were not grossly negligent. First detail is we define the fifth amendment to those we value or how we cover butt. Siedman is on CNBC I like the guy, he covered the greed machine very well in his very simple conflict of interest statement. It is in my interest that I keep you afloat but but but when there is too much air and the splitting of the pot it is no longer fair. Now we call this trust and we don't think in terms of going bust. At least the emperor looked pretty darn sexy under the guise of cloaked. The thing that bothers me most of all is where is the value if our accounting standards have to be so complex in order to create value. My costs are this, my sales are this, my R+D is this, my investment is this and the corporation has no need for tax evasion. We employ people who are are taxed and there are no write offs. We reduce our share count when we buy with paper and we take the loss when our paper transactions did not prove as profitable as we thought they would. Inventory is inventory if we take it as a write off it is compulsory if we later sell that inventory to give any benefit we receive to some charity as we have written it off it is gone. The emperor is pretty skinny when you undo all the bloat.