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Originally posted by j8ear
What fraud? If wishes were fishes, huh? Can you elaborate? Do you have any evidence? I mean aside from the mean old big bad company versus the poor out of work, retirement savings squandered employees anecdotes. Diversify people. It is only the greediest and easiestly hoodwinked employees who lost it all. Jobs come and go.
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Enron employees were REQUIRED to invest in company stock if they wanted a retirement plan. I'm sure those elderly Enron employees who will now spend their time working multiple blue-collar jobs to get by instead of having a comfortable retirement will apprieciate your monday-morning-quarterback critique of their investment plans. You ask "what fraud?" but many more people are asking "what justice?" Why did Enron execs receive exorbitant severance and retirement packages when the rank-and-file was S.O.L.?
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I feel for those effected by what happened, but blame largely poor judgement. I remember being offered a chance to invest in Enron in 1997. Turned it down because that company 'felt' shady to me. Energy futures, and shell games? Utility deregulation and all that hoopla, about cheaper more efficient, new ways to meet your energy needs? Please. Idiots fall for pyramid and other get rich schemes. It happened to ALL KINDS OF PEOPLE WHO fell for the bloated inflated markets of the Clinton era. Gazillion dollar companies not even PROJECTED to make a penny for 10 years trading at $150.00 a share. What the fuck were those people thinking?
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Oh I see, this too was all Clinton's fault. I think he had something to do with my car needing new struts too. Not everyone had your Nostradomus-style prescience with regard to Enron's business dealings. In fact up until someone spotted Emperor Ken Lay without clothes Enron was considered a strong investment touted by every major firm and magazine as a safe buy.
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Finally what does Bush have to do with it? Do you think they are not pursuing every single solitary avenue available to them to secure some kind of conviction for all of those corporate crooks? They got Sullivan (WCOM CFO) and Enron's CFO too if I recall. And they have passed all kinds of NEW laws to hold people accountable for these types of failures in the future. It would seem that maybe they were needed because the FEDS have nothing. Those who have read my theories before no I am a fan of very few laws, especially nanny, poor judgement protecting laws. Why not Clinton? After all, all of the activity which led up to the Enron fall occured under his watch.
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Bush and Lay have long had close ties. Bush/Cheney were regularly flown around the country using Enron Lears throughout their 2000 campaign. Enron and Lay were among the largest Bush campaign contributors. Bush, Cheney, and Lay are close personal friends. Bush is our president now and from him the people are right to expect him to look out for their interests, not solely the interests of his corporate $$$$ connections. Unfortunately he has proven again and again that he will bend to the whims of corporate culture rather than serve the people he purportedly represents.
I'd just like to see an iota of the vigor with which Bush and Ashcroft prosecute people who sell bongs over the internet applied to the persecution of corporate criminals. Tommy Chong is in jail while Kenneth Lay walks free, where is the justice? I realize that j8ear, with your liberitarian views, you most likely don't support the incrimination of bong-salesmen. I don't either.