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

To: Raymond Duray who wrote (2144)	6/3/2002 2:01:53 AM
From: The Duke of URL©	Read Replies (1) \| Respond to of 3602

Yes and this brainwashed public hated those evil nasty attorney's who tried to right this wrong and changed the law so the plaintiffs could not sue the brokerage firm. So, if I am a broker and I can't get sued why not commit fraud if the money is right? Glass Steagal was repealed in 2000 by the bank lobby. Glass Steagal was enacted in 1934 because of the last DEPRESSION. Glass Steagal used to prevent the FEDERALLY INSURED FUNDS of a bank to be used by a bank to manipulate stock. It did this by preventing a bank from being a Stock Broker. It is bad enough when a company commits fraud on its customers, IT IS SOMEWHAT MORE TROUBLESOME WHEN THE FEDERAL GOVERMENT HAS GUARANTEED THE FRAUD. One of two things will happen AFTER THE FEDEERAL GOVERNMENT FUNDS HAVE PARTICIPATED IN THE FRAUD, Either the customer is paid back or he is stiffed. Both senarios result in a depression. Washington thinks it can do anything it wants and pull any trick it wants on the American Public, and guess what, there are right. Notice that campaign finance reform has been buried!!!!!!!!!!!!!!!!