Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (80946)	7/11/2007 3:46:21 AM
From: shades	Read Replies (2) \| Respond to of 306849

Short the banks?!? Hell YAH! But they expect guys like you - they are always one step ahead of John Q Public! I saw this movie called WALKING TALL - he had to get his own justice, gave up on depending on others for his justice - how will YOU get your own justice against these crooks Mr. Public? Pusser was eventually killed - be careful Mr. Public. msnbc.msn.com Free the team: Here's something you probably didn't know. Under a 1994 Supreme Court decision, shareholders cannot sue any corporate advisers—lawyers, accountants, investment banks—that "aid and abet" a fraud. A federal court recently stopped a lawsuit against Merrill Lynch, Deutsche Bank and Barclays, among others, for their alleged role in Enron's collapse. Next term the court will hear a similar case known as StoneRidge. Details don't matter; here's the gist: Did third parties "merely" aid and abet in a communications company's fraudulent transactions, in which case they go free? Or were they primary players and hence liable? The SEC planned to enter the case on the investors' side, but both the White House and Treasury Secretary Henry Paulson (himself an investment banker) said no. If the court lets third-party players walk, "it gives underwriters, auditors and attorneys a license to kill," says Lynn Turner, a former chief accountant for the SEC. "They'd create a safe harbor for fraud." In a decade, we could see Enron redux. Reporter Associate: Temma Ehrenfeld ENRON REDUX - BWAHAHA - Go short the banks - you and VOSILLA and all the rest go RIGHT AHEAD - the banks will be the LAST to fall - LONG after the rest of society has cratered - why do you believe differently? Nothing will change - EVER - I promise.