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To: BEEF JERKEY who wrote (10203)	5/16/2002 12:59:31 PM
From: willcousa	Read Replies (1) \| Respond to of 11568

My theory on the Ebbers loan is that he didn't want to start dumping wcom stock on top of a declining market for that stock. Further, it is hard to move big blocks of stock without having the MM's gang up on you.

To: BEEF JERKEY who wrote (10203)	5/16/2002 2:31:22 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 11568

SEC is looking into the famous Eber's loan. Bad move on the BOD part, really bad move on Ebers part. Why didn't he just get off margin when it was first called? If he pays back a chuck of that 300 m then it begins to become less of an issue - just a past stupid move. Can somebody help me out here as to how the Ebbers loan could be in violation of SEC rules. How is this different that some other (sleazy) companies/BODs out there, like Computer Associates who grant their executives pay packages that consist of 1/5 of SALES. I always thought this Bernie loan thing was blown way out of proportion. And the board did it at the time for the shareholders, not for Bernie's benefit (they thought). L