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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (1834)	7/11/2002 10:52:42 AM
From: tonka552000	Read Replies (3) \| Respond to of 89467

JW, I've been a lurker for years...the QCOM threads, Voltaire's...now here. I'm a software sales exec...been in the industry over 22 years. I can speak with experience in my sector...I've been through 4 software venture failures in the last 4 years...my colleagues in similar scenarios (all going for the BIG PLAY). Now we are all in what we call "ports in the storm" hoping to ride out these dismal days in the industry. Nobody buying anything...just little transactions...no enterprise deals. My sister was just RIF'd from Xerox -- she was there 29.5 years...they gave her bridge to retirement at half pay. She's in hospital now, depressed. A colleague at PSFT was just let go, another good friend over there is now fearing for his life...measures his success by being there another week. And another friend in AZ just let go by his software company...before that he was RIF'd from Sun. The real estate market here is starting to flake out at the high end...(another) good friend trying to move to Atlanta for an exec position at ISS. Can't sell his house, was told in his price range only one home in area got an offer in last month -- just an offer. The less pricey market still going strong. We sold our house, took cash put in CD (and a little metals)...bought a condo... When I talk to family and friends (bright, well educated people)...they see it "going to turn around here in a little bit... I am in fear...most don't seem to be... even when they see the cracks around them...

To: Jim Willie CB who wrote (1834)	7/11/2002 11:48:02 AM
From: steve susko	Respond to of 89467

1 friend got laid off from Disney, another to be laid off in September. One got laid off from Lockheed Martin, another just got laid off from Boeing. Many more were laid off late last year from Home Store.com, etc. One laid off is living off 2nd mortgage, will have to sell his home later this year. On and on ...........

To: Jim Willie CB who wrote (1834)	7/11/2002 11:51:50 AM
From: stockman_scott	Respond to of 89467

WHITE COLLAR CRIME AND THE ONGOING ECONOMIC DEPRESSION gold-eagle.com <<...QUESTION: Why did American corporations, Wall Street, and our government resort to years of institutionalized and government protected deceptive and white collar criminal accounting for corporations? ANSWER: American corporations resorted to criminal accounting in order to avoid bankruptcy courts. Wall Street resorted to the business financial deceptions of pro forma, EBITDA, and "estimates", in order to conceal corporate losses resulting from an ongoing economic depression so as to sell to stock investors near worthless stocks at Rolls Royce prices (the white collar crime of price fixing). The political motive of our government protecting criminal accounting was to win political re-elections because of a publiclly perceived prosperous economy. The Wall Street motive of profit from stock market 'pump and dump' price fixing combined with the government motive of political incumbants winning re-election. With shared mutual self-interest, they coordinated the implementation of the criminal illusion of a 'sound economy' that was so financially injurious to stock holders. It was classic academic governmental white collar crime. All of the three necessary academic elements of "governmental white collar crime" are clearly present: 1) Illegal behavior, 2) cooperation between corporate institutions and governments, and 3) socially injurious consequences. De facto bankrupt corporations avoided the bankruptcy courts for a few more years of plundering corporate assets by top management. Wall Street got rich on 'pump and dump'. The incumbant politicians got re-elected. Blindly trusting sheeple, as stock market investors, got financially raped in a criminal 'pump and dump' stock market...>>