--- In [email protected], TurquoiseB <[EMAIL PROTECTED]> wrote:
> --- In [email protected], Peter <[EMAIL PROTECTED]> wrote:
> > Vedic bonds? I don't think so! No reputable or
> > disreputable financial institution is going to touch
> > anything in the movement. They'll do their due
> > diligence and very quickly conclude that the TMO and
> > MMY are profoundly unstable and an exceedingly high
> > financial risk.
> 
> Ya never know.  In some important respects, the
> TMO does business pretty much the way that Enron
> did, and until the bubble burst, Enron was the
> darling of the investment banks.
> 
> One of my favorite of Enron's scams (written up
> in, I think, Fortune) was when they went to invest-
> ment banks to get capital for a new joint venture
> company they were planning with Blockbuster Video.
> It sounded a bit dicey, but with the combination 
> of the Enron name and the Blockbuster name, the
> banks loaned the new front company billions of
> dollars in startup money.
> 
> It turns out that Blockbuster had *never* agreed
> to be part of the scheme, recognizing it as a 
> scam at first sight.  But Enron told the banks
> that Blockbuster was a solid partner anyway.  2-3
> weeks after the money had been transferred to the
> new startup company, lo and behold! the company
> had declared bankruptcy and none of the money 
> could be found; the banks lost every penny of
> their investment  That had been Enron's plan all 
> along.
> 
> Compare and contrast to the TMO's history of 
> projects like Vedaland, the new "world's tallest
> building," etc.  Same business model -- get naive
> people excited enough about a project to invest
> money in it, have the project "fail," keep the
> money.
> 
> All I can say is, if this is how being in tune
> with the "Laws Of Nature" works, I'll stick to 
> being adharmic.

Amen! 
Raja's and real estate seem to work the best.





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