[habs4ever]

Ah, well, don't take Enron's side just yet.They traded assets from private partnerships that were non arms length from the corporate structure...ie controlled by officers...and sold them to the parent, booked imaginary capital gains into the income statement, and then took those bookings to the banks and refinanced for more.OOPS!!Then to top it off, they issue a whole slew of puts against the bogus capital of Enron, putting it on the hook instead of the partnerships.Its a classic method to siphon funds from the larger entity...the one that can issue stock and and has lines of credit.It works as long as the stock doesn't tank and the company isn't "put" all those options.They rolled the dice, and lost.

[Miss Marple]

Your comments are appreciated, because I heard someone explaining this the other day but I only got part of it. My hunch is that there were a lot of shady dealings, but that makes it a financial scandal, not a political one. If Lay did something illegal, I am sure he will be prosecuted.

But Larry Klayman will have not one thing to do with any of it.

[Deb]

But they made their money in stocks, not production, but don't misunderstand, I was making a blind statement based on the history of Democrat lying and general evil. I will certainly lose my bet if Enron execs are convicted of any wrong-doing. I'm not defending them, I'm banking on the business-hating, Bush-hating past of the Democrat party to state that all facts as presented by the press will prove false.

Steve Cramer spent an hour last night screaming about the Enron witch-hunt and he's a Democrat. He blames Wall Street totally.