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To: wideawake

$60 billion in equity disappeared when Enron collapsed, several thousand people lost their jobs, if you think that the only people affected by Enron were the ones who had all of their money in Enron, then you are extremely naive.


43 posted on 10/23/2006 1:40:51 PM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: wagglebee
$60 billion in equity disappeared when Enron collapsed

On many days the market loses $60 billion in equity value in seconds. I lost money invested in Enron stock.

The only people significantly harmed were the people who unintelligently overweighted Enron stock in their portfolios.

several thousand people lost their jobs

Thousands of people lose jobs every single day, often due to unintelligent or self-serving decisions made by executives. I've lost jobs myself.

What Americans do when they lose a job is find a new one, not cry about it. Employment is not guaranteed in a free society.

if you think that the only people affected by Enron were the ones who had all of their money in Enron, then you are extremely naive

Millions of people, indeed all Americans, were slightly affected by the failure of this large corporation.

The only people who experienced a severe impact were those who placed the bulk of their fortunes in Enron.

54 posted on 10/23/2006 1:48:20 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: wagglebee

A neighbor worked for a crane rigging company here in Minnesota that had some contracts with Enron on some wind power contracts. Enron failed to make payments to the contractor to the point where the contractor could no longer make payroll, and folded. So a lot of people lost jobs. Enron screwed many other construction contractors as well.


152 posted on 10/23/2006 7:41:07 PM PDT by Fred Hayek (Liberalism is a mental disorder)
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