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

To: Thomas M. who wrote (2433)	8/4/2002 4:53:59 PM
From: Raymond Duray	Respond to of 3602

Hi Tom, Thanks for the link on the dreadful, unethical and greedhead culture that is destroying the banking industry. Last night, I was watching the Senate hearings with Merrill/Lynch execs in the hot seat. (On C-SPAN TV) Sen. Collins (R. ME) made a profound statement. She reflected on Senate hearings that occurred in 1912. J.P. Morgan was in the hot seat. He was asked about a banker's duty to those to whom he'd sold bonds. Morgan said that he had an iron-clad duty to protect the interests of the bond-holders. This ethical attitude has been completely erased from Wall Street, which is now no better than a ravenous pack of hyenas, killing anyone and anything for the sake of their own vile greed. -Ray