🚀 go-pugleaf

After realizing it's been "Myra's" fault all along, "Baxter"
<baxter.spamblock@baxcode.com> said:
>``And one of the people who stopped our attempt to stop Enron accounting was
>made chairman of the Securities and Exchange Commission,'' Clinton said.
>``That is a fact; an indisputable fact.''

	Is? Hehe.  I guess it depends on what your definition of is,
is.......

	And it wasn't Enron accounting that brought the company down.
It was the calling in of loans made to the company.

	The principals of the loan, simply chickened out.  

	The issue of accounting practices is simply due to the
investor confidence they generated.  Period.  Their accounting
practices HAD NOTHING TO DO WITH THE FINANCIAL STABILITY OF ENRON.

	The problem of financial stability with Enron, lied SOLEY
within their ability to manage debt.  Which would have been fine,
except particular loans were accepted which had terms which allowed
the loans to be called, AT ANY TIME. 

	It's as though an average joe or jane found a lender for 1
million dollars and instead of a fixed point of payoff, they had to
pay the balance on demand and the principal lender called the loan,
before such a payout could be realized.  Anyone, would go bankrupt
under such conditions.

	For my money, it was a set up from the get go.  

	Someone wanted to take down Enron.

	This is, financial terror.  We are being attacked, on the Wall
Street battleground.

	I don't know much about the Worldcom fallout.  I haven't heard
as much detail.

	However, I truly doubt Enron had any financial problems at
all, if given proper notice and time to pay their debts, in regards to
"un-scheduled" loans.

	Thus, Enron was conned.

	Not the public.

	Well, except in terms of hiding actual risk.  But then when
you have risks that aren't tangible, ie having loans made to you that
don't have a specific payout period, you seemingly have room to play
with.  

	But then a good accountant is always going to advise on the
worst case scenario.

	"Uh, if these people call you up tomorrow and demand their
money......."

	"It's all over............."


--
Live from Camp Labor, the Moon....
This has been, Lunar Network News....
Click for the audio: http://lunarchy.home.att.net/signoff.wav