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To: Moonman62
the government witch-hunt for capitalists is likely over, too

I suppose that you consider Bernie Ebbers as just another capitalist victimized by the government. Here, read this and enlighten yourself:

WorldCom Fraud May Exceed $7.68B

Richard W.

17 posted on 11/04/2002 6:52:17 PM PST by arete
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To: arete
Here is a snip from the above WCOM Fraud link:

The report also said the relationship between WorldCom and its primary investment banker, Salomon Smith Barney, was problematic. In particular, it cited evidence that a former Salomon analyst, Jack Grubman, told WorldCom in advance what questions he would ask in conference calls between securities analysts and WorldCom management.

Why is it that in every fraud investigation, Citigroup's and JPM's hands are all over it?

Richard W.

18 posted on 11/04/2002 6:57:39 PM PST by arete
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To: arete
I suppose that you consider Bernie Ebbers as just another capitalist victimized by the government. Here, read this and enlighten yourself:

No I don't. The bad guys should get their punishment that fits their crimes. But most people involved with capitalism do a great service for our country. The peak of the witch-hunt was when the names were released of business people who bought into IPO's as if that was a crime.

All the politicians cared about was not taking the blame themselves. The real crooks -- Clinton, Rubin, and Greenspan will never be held accountable.

38 posted on 11/04/2002 8:36:52 PM PST by Moonman62
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