Enron: Crimes were committted

Post #25,000 by marlowe 1/21/02 11:46:36 AM Reply	Enron: Crimes were committted [link\|http://www.portal.telegraph.co.uk/money/main.jhtml?xml=/money/2002/01/20/cncrime20.xml&sSheet=/portal/2002/01/20/ixport.html\|Passive voice was used.] Excerpt: Ken Johnson, a spokesman for the House energy and commerce investigations committee, said: "It is becoming clear to us that people at both Andersen and Enron tried to hide the company's financial problems. If that happened, there is a very good possibility that some crimes were committed. The deeper we dig, the uglier this gets." He was speaking as it emerged that Kenneth Lay, the chairman and chief executive of Enron, was urging employees to buy more shares in the energy trading giant just two months before it collapsed into bankruptcy. In an online forum with employees on September 26, Lay told workers to "talk up the stock and talk positively about Enron to your family and friends". Lay's comments were made weeks after Sherron Watkins, an Enron vice president, had warned him in an anonymous letter that she feared the group could "implode in a wave of accounting scandals". Congressional investigators examining why Enron suddenly collapsed have already concluded that some of its executives, as well as Andersen staff, deliberately sought to hide the financial problems that led to the world's biggest corporate bankruptcy. [link\|http://www.angelfire.com/ca3/marlowe/index.html\|http://www.angelfir...e/index.html] Sometimes "tolerance" is just a word for not dealing with things.
Post #25,003 by nking 1/21/02 11:50:11 AM Reply	But Bigwigs in denial, and have good lawyers plus they know how to CYA, and carry "get out of jail free" cards from Monopoly. Even if the investigation goes all the way up to the White House, how many executives in our government are going to be tried for this if they are found to have connections? Enron-Gate may just be starting? "Will code Visual BASIC for cash."
Post #25,065 by JayMehaffey 1/22/02 1:38:33 AM Reply	Enron to big Enron looks to be to big for the normal "sweep in under the rug and wait for it to blow over" thing. This looks more like a "find somebody to pin all of the blame on" sort of situation. This is doubly likely because there are so many politicians involved who need to shift some blame off of themselves. One of the Enron senior executives will be the one to take the blame if it goes this way. It will have to be one high enough that all of the blame can be put on them, everybody else can claim they where decived, mislead or ordered by this person to cover up problems. Expect the target to get hit with some seemingly huge fine and very likely a moderatly long jail sentence. Seemingly because while a few million dollars may seem like a huge fine, for somebody that make tens of millions a year it's just a major inconvience. The jail sentence will seem faily long at the start, but a year or two from know it will be reduced to time servered and they will go home. They will probably be able to recoup all of the lost money by writing a book in which they blame everybody but themselves. Jay
Post #25,075 by Ashton 1/22/02 4:37:18 AM Reply	Kinda like blaming the entire Vietnam massacre(s) on.. Asshole Lt. Calley and his village massacre? 'We' still haven't faced up to what Vietnam meant (about US) - why should we begin.. with Enron now? The last Big Scam (smaller than this) was the mere S&L Massive taxpayer ripoff.. Remember more than One Suit going to jail over that? It faded from view pretty rapidly too..for the important stuff like: auto accidents and sex lives of the Rich & Horny. (.. and we wanna export this 'system' worldwide?) Hey! we are: maquiladores and Wars on ____ this n'that are on the rise. Before WTC there was WTO !! Still is.) {sigh} Welcome to the Sucky Millennium - in 3-D Graphics with everyone safely isolated in little cubicles (or Golf courses for the Middle ones). Where's that Sleeping Giant [public awareness] when ya Need Him/Her! .. at the mall?
Post #25,117 by wharris2 1/22/02 12:46:44 PM Reply	More bad Enron news Here's [link\|http://abcnews.go.com/sections/wnt/DailyNews/enron_shred020121.html\|even more damning news]. Apparently Enron may have been shredding stuff right up to the bankruptcy. "Beware of bugs in the above code; I have only proved it correct, not tried it." -- Donald Knuth
Post #25,121 by marlowe 1/22/02 1:04:09 PM Reply	My favorite line from Batman Returns A little patience... and a lot of tape. [link\|http://www.angelfire.com/ca3/marlowe/index.html\|http://www.angelfir...e/index.html] Sometimes "tolerance" is just a word for not dealing with things.

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