Something to learn from this: never have more that 10% of your portfolio in your company's stock.
At 11:47 PM 12/4/2001 -0600, you wrote: >Enron in Houston just laid off 5,000 people. Most lost their entire >retirement (401K was tied to the company stock). And the big guys wal >ked >away with hundreds (read 2.5+) hundreds of millions of dollars. Well, >business in America, capitalism and all that. Rich get richer and mid >dle >class take the beating. And all it gets on FOX/News is a scrolling li >ttle >line at the bottom of the page while a sad puppy-eyed bubble headed b >leach >blonde talks about OJ being in trouble again. Hello!!! Who gives a sh >it? >Good God man. Liberal media? Bah. > >Sad thing is, I believe in the principles of capitalism, only regulat >ed. >Unregulated it is highly destructive. Anything goes. Some of you are >feeling >the pinch of this even now. It will be a travesty of law and an indic >tment >of the business laws in this country if these men walk away with a ce >nt from >this. Hell, that happens in third world countries all the time. They >should >all go to prison - for life. Only the "corporate veil" will shield th >em. 1/2 >billion in money that was out and not on the books (neat little looph >ole, >don't own more than 50% in a company, don't show the money on the boo >ks). >And the Bush plan to give money back to all these poor companies that > are >just struggling in the current climate (what, they did not save money > for a >rainy day?) will be giving money BACK to Enron under the law. Ugh. > >Man, how many lives did these few people just trash? Right before Chr >istmas >(reminiscent of Exxon\Mobil merger last year) and in a down and out e >conomy. >Like the guy said after the S&L scam of the 80's, "I wish someone had > robbed >me and broken my arm. I could recover from that. I have lost everythi >ng I >worked a lifetime for and have no way to recover it now." (closely >paraphrased). These people have too much power to affect to many live >s and >to little regard for those lives. I bet none of these men are loosing > a >minutes sleep over this. > >Funny, we punish the hell out of blue collar crime and reward white c >ollar >crime. Only... it does billions of dollars of damage annually and aff >ects >countless lives. > >Gary P. McNeel, Jr. >MyKitPlane.com >[EMAIL PROTECTED] >http://www.mykitplane.com > >What's the hurry? Are you afraid I won't come back? > >� Manfred von Richthofen, 'The Red Baron,' last recorded words, in >reply to >a request for an autograph as he was climbing into the cockpit of his > plane. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Get the mailserver that powers this list at http://www.coolfusion.com Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
