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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (2105)	5/24/2002 3:48:51 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 3602

Hi James, I see you've been drinking the Lou Dobbs kool-aid. <g> For the most part, the employees of Andersen are being parceled off to other firms. Those who've been laid off have undoubtedly got some good job skills and will find new employment. The essence of why I think Andersen needs to be prosecuted and found guilty is because of the essentially unethical behavior the firm has engaged in for the last decade at an ever growing level of chicanery and deceptive practices. The American capitalistic system can only exist because balances are struck between free-wheeling robber baron swashbuckling and the equal curse of over-regulation. Somewhere between those two extremes of the pendulum swing is the sweet spot where markets are most effective and fair for the greatest number of stakeholders. For the past decade, this nation has veered toward a reckless shredding of regulations that have served us well for decades. It's a normal response of businessmen to want to act in an unfettered fashion, but it is unnatural for society to go along since it is the public that is by and large victimized by the excessive zeal for the satisfaction of greed that drives a lot of business activity. Society has the right and the obligation to protect itself from being abused by the likes of Enron and their handmaiden and co-conspirator, Andersen. If I thought for a second that Andersen could right itself and become a model for "best practices" and ethical honesty, I'd be among the first to come to their defense. However, as history shows, Andersen's upper management has a long track record of being involved in deceit and dubious practices that have cost untold billions for unwary investors and consumers. They are a rogue organization without ability to heal themselves. They need to be taken out, and the system be made less prone to their sort of sophisticated criminality. Re: less than a dirty dozen. I totally disagree with this reducto ad absurdum logical fallacy in your argument. There were thousands who were involved in the various artifices that Andersen used time after time, year after year, to deceive the investing public. -Ray