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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (43828)	2/7/2002 11:37:00 AM
From: Neocon	Respond to of 82486

I agree that it is an area which requires reasonable regulation. It appears, though, that the regulations were not lacking, but that Enron had gotten exemptions during the Clinton Administration which permitted them to hide their indebtedness. By the way, survival of the fittest is an overused phrase. First, species primarily differentiate in order to fill ecological niches, so it is not as if one species triumphs over another, usually, so much as that each one finds its place, and the overall carrying capacity of an area limits population growth. In economics, the equivalent would be the development of specialty firms, like boutiques among clothing stores, or luxury car makers (e.g. Lexus) in the auto industry. Second, it is the survival of the fittest for that ecological system. In social terms, for example, if people get ahead by being courtiers and sycophants, then those qualities will be favored, as they acquire a disproportionate amount of social resources......

To: coug who wrote (43828)	2/7/2002 1:57:45 PM
From: coug	Read Replies (3) \| Respond to of 82486

An observation, or WTF am I not seeing here Since it is kind of a slow day, I just skimmed a "CNBC Critique" thread.. A discussion on why CNBC is telecasting and emphasizing the Enron hearings.. I would think ALL market participants would find it newsworthy in hopes of advancing their knowledge of corporate understanding.. But it seems the more conservative SI members do not find it newsworthy and vice-versa. Since my understanding of the SI conservatives POV of the Enron mess, from their postings anyway, is that it was Clinton's fault based upon Clinton's supposed liaisons with Enron officials when he was in office, I would think they would be overjoyed to watch the grillings in case a "smoking gun" would emerge tying Clinton to the mess.. I don't get it.. Or maybe certain posters don't actually believe what they are posting and are really afraid that the "smoking gun" will be found pointing the other way.. I don't know..

To: coug who wrote (43828)	2/7/2002 5:04:25 PM
From: bonnuss_in_austin	Read Replies (1) \| Respond to of 82486

Indeed, coug! Well put! Have you caught the Skilling.... ...testimony to Congress yet today? LMAO. MBA school must have changed fundamentally since my education, some of which addressed the 'reporting structure' and ultimate responsibility .. Which is (was?) that the CEO reports to the shareholders. This market ain't EVER gonna be the same. 'Who to trust?' Uhhhhh ... like, NOBODY? Nice to see you ... Hi and best regs to Mary and Thistle, as well. bia