I agree. This is nothing though. This stock issue didn't undergo a one day plunge until it went from $8 to $1 in November ... it fell steadily all summer. It went from $60 in June down to $8 in November. Hey ... that happens sometimes in the market. If the big deal is management selling off their stock at $8/share before the last drop ... there might be a problem there, but the execs were way underwater on their options anyway. There were no big profits there as some intimate.
This could be a securities fraud case, but the Bush Administration declined to help Enron so there is no scandal at least at this point.
The same standards applied then by the Republicans should be applied today to a prominent republican's wife, meaning that they should sue Wendy Gramm with federal taxpayer money forcing her family to dig into its pockets merely for the sake of punishing her.
As an accountant, I think the alleged behavior of Arthur Andersen's people was pretty scandalous. I guess I shouldn't be surprised, though. The Repubs & Demos all look out for each other.
Carolyn