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To: Red Jones
No Republican should be spared here

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.

11 posted on 01/12/2002 8:48:57 AM PST by ArneFufkin
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To: ArneFufkin
The scandal here is Wendy Gramm sat on their board of directors while irresponsible decisions were made that cost many people severely, not that Bush aided Enron in any way. Ten years ago there were 20,000 Americans in a similar situation and they were prosecuted by President Bush. These people merely sat on the boards of S&L's that went bankrupt. In Arizona 100% of the S&L's went bankrupt and 100% of the Board members were sued by president Bush. President Bush took money from the taxpayers at $150/hour to pay lawyers who got paid more the more they sued, then all of those private citizens had to hire expensive lawyers to defend themselves from what was basically frivilous and ridiculous charges.

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.

19 posted on 01/12/2002 9:00:35 AM PST by Red Jones
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To: ArneFufkin
"...there is no scandal at least at this point."

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

61 posted on 01/12/2002 9:43:47 AM PST by CDHart
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To: ArneFufkin
Just move along, nothing to see here.
134 posted on 01/12/2002 12:17:27 PM PST by Vladiator
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