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New ahem, there is no regulatory requirement for
quarterly statements. Youse may chortle all you wish but unless there is a law one does not have to kiss public ass.
thanx,
bill
Quantum materiae materietur marmota monax si marmota monax materiam possit materiari?
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 51 years. meep

reach me at [link|mailto:bill.oxley@cox.net|mailto:bill.oxley@cox.net]
New Thom Hartmann makes this point
These guys (and others like them) were operating within the law.

The real trick is to change the laws, thus the rules of the game.
Tom Sinclair

Kaylee: Wash, tell me I'm pretty.
Wash: Were I unwed, I would take you in a manly fashion.
Kaylee: Because I'm pretty?
Wash: Because you're pretty.
- "Heart of Gold", Firefly
New Ferrous ions are everywhere, here
The Iron-y -- that *ALL* these mondo Top-Dog orgs. with CIEIOS who have themselves bent, twisted 'rules' Beast-style, to get where They Are:

..imagining ..for-THAT-long!
that this bunch of glib spielers could somehow materialize such massive proceeds -- from no visible (or even imaginable) sources. Worse: imagine their concluding that they need not Check On Anything because, surely
these fellow biznessmen could not be That Corrupt!! - -

(No 'quarterly report' ?? OK how about dissecting an ANNUAL?)
right on down to the internal dummy holding-cos trading bogus paper == The earlier CREEP show,
as unravelled by just a couple reporters (Committe to Reelect ... remember them?)
(Imeanweallshavebitofftruthiness,nowandthen -- but We Are all Honorable Men. (for various def'ns.))

I suppose this is why Doze is still King of the biz IT-heap - the CTO is a first cousin of the CEO, thrice removed. Got their MBAs from the same mail-order. Maybe it is (already?) pointless to talk about Enron; when corruption is such that ONE Arb can extract an ANNUAL bonus of ~One Hundred Million $USD - and that is called, merely "smart biznessman." One presumes then that Enron, in cozy meetings -- is dissed largely because they -

1) got caught. How perfectly matched to the methods and goals of the Cheney Admin.
2) brought bright lights, for a few moments, into How corps can so easily play this shell game and
3) made themselves, other wanna-be perps look Stupid, unable to do it even Better.
(Even new 'Regulations' don't mean shit, when the major players' largest attention is >on< simply, Not Getting Caught.) We are Rome, with transistors and more expensive chariots:

Only today Caligula is a 'we' -
that Top 00.1%; that 300,000 who extract as much of the Sigma-wealth as the 25? 35? 50 million (this year?) chattels at the bottom: all via manipulating abstract , obfuscated "financial instruments", via numbers utterly disconnected from anything Alive.

Enron? - which week will it disappear into the attention-span pit.
Like the S&L bailout: there will be no Corrections in a system with magnets under every roulette wheel - when it is working so well for those who Count, it must be 'conserved'.



The 'public ass' deserves a LOT of kissing at these rates of profit-skimmimg by the 1:1000
('Course you imagine You will soon be a beneficiary of the same rulez - just any. day. next.
Right?) Social Darwinism Is such fun, for the wannabe who is sure that he's devious-enough.
New didnt anyone ever tell ya that the stock market
is like vegas without house rules?(for the non gamblers a house rule is a published guarranty of return from eg:90-97% of every dollar spent) Sheesh, old as you are Im sure you must have noticed that by now.

Stock prices are a representation of the wishes of the purchaser, they have zero intrinsic value of the companies assests.

It would be like lending me 3 million dollars with no collateral then crying foul when I spent it all and cant meet the payments. After I return my leased benz and jag, get kicked out of the rental manse, you would collect nothing. This is the basis of the stock market. So quitcher bitchin
thanx,
bill
Quantum materiae materietur marmota monax si marmota monax materiam possit materiari?
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 51 years. meep

reach me at [link|mailto:bill.oxley@cox.net|mailto:bill.oxley@cox.net]
New There are limits to the shell game -
or Lay et al wouldn't have made it to the docket, finally. At the very least, we can (could..) regulate dummy holding cos. as well as notice what replaces that dodge, and so on. We do not have to favor corruption, even though it can never be eliminated.

You shovel shit against the tide, or eat it a lot earlier.

     'The Smartest Guys in the Room' - (Ashton) - (7)
         ahem, there is no regulatory requirement for - (boxley) - (4)
             Thom Hartmann makes this point - (tjsinclair)
             Ferrous ions are everywhere, here - (Ashton) - (2)
                 didnt anyone ever tell ya that the stock market - (boxley) - (1)
                     There are limits to the shell game - - (Ashton)
         Quarterly earnings statements have a downside - (drewk) - (1)
             GOOG is in that boat. - (Another Scott)

That'll be $8.50, Mac.
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