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jim rozen
 
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Default OT - NY Times economy article

In article , Ed Huntress
says...

The reason that Ken Lay isn't in prison right now is that the prosecution
has been having a hell of a time finding a law that he broke, and the only
way they're going to get him is to get someone else from Enron (at least
several someone-else's, actually, or he'll go scott-free) to turn state's
evidence. The financial evidence they have, which should get him 20 years if
there was real justice in the current regulations over executive fiduciary
responsibility, isn't worth squat, because everything that's on the books is
legal. That is to say, he isn't legally responsible for it.


This reminds me ever so much of the scene in _Animal_House_
where the one kid's car has been wrecked, and he's upset about
it. Then it gets pointed out that hey, they could just lie,
and say he lent it to them and they parked it outside, and
the next morning, it was just.... GONE! And John Belushi
pantomimes the whole thing.

Yep, the stockholders trusted Kenny Boy with the money,
he just left it outside one night, and the next morning,
all that money was just.... GONE! Somebody swiped it.
Doesn't matter who. It's gone though. Too bad.

How about reinstating the Glass-Steagall Act?


Geeze, *another* thing that wound up missing overnight!
Now just who was responsible for that going bye-bye?

Jim

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