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New I love this.
O'Neill's and Evans's admission that they "did nothing" when Enron told them of the company's shell game and impending collapse is reason enough for you and yours to hit the Beltway and never return to that sacred trust we call Our American Government. They are proud of "doing nothing?" By doing nothing, millions of Americans have been swindled. Tens of thousands have lost their jobs. Thousands more have lost their savings and their retirement. Yet your cabinet secretaries gloat over what a "good job" you and they did by "doing nothing."


Now, close your eyes and visualize -- an Alternate Universe in which good ol' Kenny Boy didn't get cheated; where Enron (and its stockholders) didn't get cheated on buying cut-rate politicians; where George and all the others said, "why sure, Kenny, have some cash to tide you over."

Why, Ashton alone would have more to say about that than Mikey Baby, and what good ol' Mikey would have to say would blister paint, don't you think?

As for the rest of it, it boils down to the modern mantra of political untouchableness: anybody who knows anything about the subject can make a living working in the field -- and is thereby absolutely disqualified from having any governmental influence in the field, forever. Dumth is required as a condition of holding a regulatory position. Rad, man.
Regards,
Ric
New Nope: anticausality.
If.. they got the bread - we wouldn't know about the scam - even yet! So effective are the SEC's handcuffs, re rules about accountants: mixing bizness (accounting) with orgasmic pleasure (con-slutting; is that the IT spelling?).

Don't Cry for Me! Argentina.

The SEC wasn't afflicted with dumbth - just not allowed to operate as they intended (unless absolutely everyone is lying about absolutely everything).

Ummm - yeah! well..
New Wasn't it one guy writing an exception?
After the crash in '29, there were law written specifically to exclude the type of offshore debt-shifting that Enron did. Enron went to the SEC and Congress to try to get the law changed/repealed. They got nowhere. So they just went directly to the SEC's district director with oversight of Enron and got him to write a specific exemption for them. He is now partners in a law firm with the same Enron lobbiest who got the exemption.
We have to fight the terrorists as if there were no rules and preserve our open society as if there were no terrorists. -- [link|http://www.nytimes.com/2001/04/05/opinion/BIO-FRIEDMAN.html|Thomas Friedman]
New No information.
I heard merely a ~policy summary - what was proposed to prevent accounting forms from accepting 'consultant' fees - an evident conflict of interest. We see already (a few of) who violently opposed the loss of such lucrative er lucre.

I'm sure we haven't heard enough - and the paper shredding may be continuing as we speak; it is about bizness, after all. The coming spin at 300,000 rpm - shall surely exceed the tensile strength of Moly-Tungsten-steel...

Ashton
     Michael Moore's open letter to El Shrub - (Silverlock) - (6)
         Great rant! -NT - (boxley)
         Operation Enduring Graft! - (Ashton) - (4)
             I love this. - (Ric Locke) - (3)
                 Nope: anticausality. - (Ashton) - (2)
                     Wasn't it one guy writing an exception? - (drewk) - (1)
                         No information. - (Ashton)

We can probably skip drugs and prostitution, but the mortgage business looks good.
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