Why didn't Bill Clinton tell me that the dot.commers were nothing but a shell, without any business model whatsoever, and that I shouldn't invest in them?Bad comparison...most of the dotcoms had records that let any halfway intelligent person figure out that these companies had no value, no profits, silly ideas. In spite of that, people invested (greed). Anyone who invests in a company that doesn't have a positive P/E should consider the potential of losing their investment.
Enron execs were lying about the financial health of the corporation. The only possible problem the administration could have would involve knowing that.
I agree about the dotcoms. I was being sarcastic. And I agree that there is probably some white collar crime here with Enron and Arthur Anderson. That's what the investigation should be about. It shouldn't be about all this political stuff. Liebermann is suggesting that the Bush administration should maybe have alerted people about the demise based on the phone calls they received in late October. The phone calls were requests for help in securing more credit which were denied. Don't think anyone knew about the gross malfeasance. This should be a criminal investigation, not a political one.