|So do the Houston Astros now play at Chapter 11 Field?||Me Dot Org|
Dec 3, 2001 10:01 PM
|A little scary when Enron, the 7th largest corporation in the United States a year ago, collapses within a few months. It turns out the regulations covering energy brokerage companies were (ahem!) a tad lax.
It will be interesting to watch the hearings on this. I'm sure the regulators will face up to their mistakes as gracefully as they did during the S&L scandals.
I don't think a lot of Californians will shed a lot of tears for Enron, but they have tens of thousands of employees whose 401ks are virtually worthless, and a lot of mututal funds (and consequently other peoples' 401ks will take a big hit.
Enron was also one of the 10 largest campaign contributors to a certain Texan who spent some time in the oil business...
|I posted this in the wrong discussion group - sorry!||Me Dot Org|
Dec 4, 2001 8:17 AM
|Last night I had browser windows open in both General Discussion and Non-Cycling Discussion. I posted this topic in General instead of Non-Cycling. Sorry!|
|re: So do the Houston Astros now play at Chapter 11 Field?||SteveS|
Dec 4, 2001 3:41 PM
|And the former President, the one who was dis-barred, etc. rationalized the terrorist attack on New York and the Pentagon...(remember, he and Gore took donations from the Communist Chinese Army, a la Buddhist Temple)
I think that we will find your information faulty. The "regulations" you refer to are the same ones that will probably find that Enron execs were doing something very shady in their accounting. If so, with any luck, they will get nailed. If not, I guess they will skate. Whatever happens, there won't be much to help the honest employees whose 401Ks were wiped out.
I could care less what the name of the baseball field is where the Astros play or what Californians think of Enron.