How could they expect a republican supreme court to hold the corrupt greedy rich people accountable? What were we thinking?

Minor clarification needed. The Supremes only refused to hear the appeal. This is not nearly as damaging as if they had heard the case and agreed with the lower decision.

So what the Supremes are saying is that the Mafia should incorporate so they will avoid prosecution for RICO violations. Sweet!

Any believe Ken Lay really died?

I'd be outraged, but I'm pretty sure I'm coming down with Scandal Fatigue.

Typical. This was to be expected. No surprise here. Those pesky activist judges, hoo haw hee hee, such a wacky bunch of mauraders.

IIRC, there used to be NINE Supremes, but this was a 5-3 decision. Is somebody on vacation, or was there a *gasp* r-e-c-u-s-a-l? (:>

Dammit! Just when we thought we'd finally found patronage jobs for all of Antonin Scalia's deadbeat relatives, now we've got to find jobs for all of ROBERTS' relatives???

Be on the lookout for some law school drop out named Bubba Roberts to be appointed Chief Legal Advisor to the Federal Bureau of Looking at the Moon sometime in the near future. (Either that, or Special Assistant to Elizabeth Cheney Perry in the State Department.) Then we'll know the circle is complete.

And guess how this will affect investor confidence in the weeks ahead ......

This is EXACTLY what Fascism look like. Get used to it.

Our fictitious economy is so fragile, so incredibly sensitive to shocks, that now even the courts do not want to upset it because of the fall-out that would ensue. It's like they want to create a "nothing to see here" kind of country where everyone walks around like everything is OK because their leaders say everything is OK. Nevermind the little guy, he can't afford to go to court, so screw him.

Of course, the fall-out that would ensue IF the courts found the banks liable would be huge. Because logic would say that if the banks are guilty because they did business with Enron, then all of a sudden millions of more people will become implicated. Enron was financed not only by US banks, but also directly and indirectly with banks all over the globe. This means that if the courts found the US banks guilty, then what about the banks of the world? Does this mean that they are innocent? If they are guilty, how do we punish them?

Also, if the US banks were found guilty, then this would create losses for the international bankers who actually indirectly own the courts. Moreover, the shareholders of the banks who elected the board that hired the managers that manage the banks that did business with Enron would be liable as well. It's pretty scary how far the slippery slope goes on this one.

I would say that the banks are not the ones who made the decisions for Enron. Enron made Enron decisions.

It's too bad that we live in a time of socialized financing, because in any other system, uninformed investors (the ones who got screwed by Enron) would not have to invest in risky equity in order to avoid a loss of purchasing power. They could place their money in a savings account that pays interest and be safe.

Investing in a business should only be for those who know exactly what it is they are investing in. A huge fraction of Enron investors are people the bank managers convinced to invest their money. In another monetary system they would have invested in bonds or money market. The losses sustained by Enron investors would have been minimized to those who truly understand the risks.

It may sound like a broken record, but as long as we have socialized financing, there will be more risk then there should be, and thus more losses.

cg @ 10:

I'd be outraged, but I'm pretty sure I'm coming down with Scandal Fatigue.

Mission Accomplished.

That's why THIS story will get more headlines than the Padilla story, which is actually a lot more serious.

Simple solution...Completely divest the BILLIONS that they have invested in U.S. companies. Tomorrow. That should shock the markets a little bit.
Then go reinvest in Chinese companies that might even make a profit in the coming decade.

Drew @ 22:

Our fictitious economy is so fragile, so incredibly sensitive to shocks, that now even the courts do not want to upset it because of the fall-out that would ensue. It's like they want to create a "nothing to see here" kind of country where everyone walks around like everything is OK because their leaders say everything is OK. Nevermind the little guy, he can't afford to go to court, so screw him.

Of course, the fall-out that would ensue IF the courts found the banks liable would be huge. Because logic would say that if the banks are guilty because they did business with Enron, then all of a sudden millions of more people will become implicated. Enron was financed not only by US banks, but also directly and indirectly with banks all over the globe. This means that if the courts found the US banks guilty, then what about the banks of the world? Does this mean that they are innocent? If they are guilty, how do we punish them?

Also, if the US banks were found guilty, then this would create losses for the international bankers who actually indirectly own the courts. Moreover, the shareholders of the banks who elected the board that hired the managers that manage the banks that did business with Enron would be liable as well. It's pretty scary how far the slippery slope goes on this one.

I would say that the banks are not the ones who made the decisions for Enron. Enron made Enron decisions.

It's too bad that we live in a time of socialized financing, because in any other system, uninformed investors (the ones who got screwed by Enron) would not have to invest in risky equity in order to avoid a loss of purchasing power. They could place their money in a savings account that pays interest and be safe.

Investing in a business should only be for those who know exactly what it is they are investing in. A huge fraction of Enron investors are people the bank managers convinced to invest their money. In another monetary system they would have invested in bonds or money market. The losses sustained by Enron investors would have been minimized to those who truly understand the risks.

It may sound like a broken record, but as long as we have socialized financing, there will be more risk then there should be, and thus more losses.

Indeed. Good post. And another thing is this Sub Prime scam thats been driving the real estate bubble and debt derivatives makes Enron look like a kid's biggy bank.

Drew @ 22:

Our fictitious economy is so fragile, so incredibly sensitive to shocks, that now even the courts do not want to upset it because of the fall-out that would ensue. It's like they want to create a "nothing to see here" kind of country where everyone walks around like everything is OK because their leaders say everything is OK. Nevermind the little guy, he can't afford to go to court, so screw him.

Of course, the fall-out that would ensue IF the courts found the banks liable would be huge. Because logic would say that if the banks are guilty because they did business with Enron, then all of a sudden millions of more people will become implicated. Enron was financed not only by US banks, but also directly and indirectly with banks all over the globe. This means that if the courts found the US banks guilty, then what about the banks of the world? Does this mean that they are innocent? If they are guilty, how do we punish them?

Also, if the US banks were found guilty, then this would create losses for the international bankers who actually indirectly own the courts. Moreover, the shareholders of the banks who elected the board that hired the managers that manage the banks that did business with Enron would be liable as well. It's pretty scary how far the slippery slope goes on this one.

I would say that the banks are not the ones who made the decisions for Enron. Enron made Enron decisions.

It's too bad that we live in a time of socialized financing, because in any other system, uninformed investors (the ones who got screwed by Enron) would not have to invest in risky equity in order to avoid a loss of purchasing power. They could place their money in a savings account that pays interest and be safe.

Investing in a business should only be for those who know exactly what it is they are investing in. A huge fraction of Enron investors are people the bank managers convinced to invest their money. In another monetary system they would have invested in bonds or money market. The losses sustained by Enron investors would have been minimized to those who truly understand the risks.

It may sound like a broken record, but as long as we have socialized financing, there will be more risk then there should be, and thus more losses.

You are so full of shit.'Uninformed investors'? Lay and his thugs LIED about the strength of ENRON while they knew it was tanking. Get informed moron.

David Hawes @ 30:

Drew @ 22:

Our fictitious economy is so fragile, so incredibly sensitive to shocks, that now even the courts do not want to upset it because of the fall-out that would ensue. It's like they want to create a "nothing to see here" kind of country where everyone walks around like everything is OK because their leaders say everything is OK. Nevermind the little guy, he can't afford to go to court, so screw him.

Of course, the fall-out that would ensue IF the courts found the banks liable would be huge. Because logic would say that if the banks are guilty because they did business with Enron, then all of a sudden millions of more people will become implicated. Enron was financed not only by US banks, but also directly and indirectly with banks all over the globe. This means that if the courts found the US banks guilty, then what about the banks of the world? Does this mean that they are innocent? If they are guilty, how do we punish them?

Also, if the US banks were found guilty, then this would create losses for the international bankers who actually indirectly own the courts. Moreover, the shareholders of the banks who elected the board that hired the managers that manage the banks that did business with Enron would be liable as well. It's pretty scary how far the slippery slope goes on this one.

I would say that the banks are not the ones who made the decisions for Enron. Enron made Enron decisions.

It's too bad that we live in a time of socialized financing, because in any other system, uninformed investors (the ones who got screwed by Enron) would not have to invest in risky equity in order to avoid a loss of purchasing power. They could place their money in a savings account that pays interest and be safe.

Investing in a business should only be for those who know exactly what it is they are investing in. A huge fraction of Enron investors are people the bank managers convinced to invest their money. In another monetary system they would have invested in bonds or money market. The losses sustained by Enron investors would have been minimized to those who truly understand the risks.

It may sound like a broken record, but as long as we have socialized financing, there will be more risk then there should be, and thus more losses.

You are so full of shit.'Uninformed investors'? Lay and his thugs LIED about the strength of ENRON while they knew it was tanking. Get informed moron.

I might add that almost all (if not all) of the employees were investors.

Remember this the next time someone speaks of this administration's incredible incompetence.

They are only incompetent about what they don't care about; look at the Iraq invasion, occupation and Reconstruction, for example. All that money gone only looks incompetent until you realize that most of it went diectly into their pockets and the pockets of their friends. That's criminal, not incompetent.

How incompetent were they in profiting from massive scams against Middle America that funded buying the election in 2000? Enron was one of Bush's biggest donors, where did the money to donate come from? Same with Worldcom. This decision today will help ensure that the money spigot will stay wide open for the GOP, because, God knows, they can't win an election unless they fraudulently buy it.

For Pete's Sake, they did it in the 80's too - where do you think the money from the Savings and Loan debacle ended up? How many millions from that did the Bush family walk away with? There's always plenty of money for them to take down any election.

I'm waiting for someone to add up how much of our money ended up in the GOP's coffers from these corporations, with their Bush Ranger/Pioneer CEO's, that have collapsed in scandal as their CEO's have walked away with billions, throwing millions of it to the GOP as they go.

L.A. Confidential @ 8:

Any believe Ken Lay really died?

Ya, he died and went to Dubai. It's close enough to heaven, isn't it?

Pericles @ 16:

Be on the lookout for some law school drop out named Bubba Roberts to be appointed Chief Legal Advisor to the Federal Bureau of Looking at the Moon sometime in the near future.

I'm waiting for the unveiling of Prsecott Bush as a presidential candidate. They're hiding him until he's too old to field questions about why he didn't go to Iraq.

Well, the bush appointed supreme court had to do SOMETHING to protect cheney's buddies at Enron. hell, you don't expect corporate entities or bigwigs to actually be held accountable for anything .... do you?

Drew @ 22:

It's too bad that we live in a time of socialized financing, because in any other system, uninformed investors (the ones who got screwed by Enron) would not have to invest in risky equity in order to avoid a loss of purchasing power. They could place their money in a savings account that pays interest and be safe.

Safe places like Lincoln and Silverado Savings and Loan?

The "court", now padded heavily in favor of the bush crime family's agenda, knows no other way. The Bush Crime Family agenda is to rape and pillage and they will continue to do so for generations, as they have for generations. Find another country to ruin, Bush family. Please.

ConcernedCanuck @ 36:

L.A. Confidential @ 8:

Any believe Ken Lay really died?

Ya, he died and went to Dubai. It's close enough to heaven, isn't it?

Thats the only Kingdom they can enter.

David Hawes Says:@30

Uninformed investors are the average person who have money in the 401k's and other "retirement" plans and on average has no knowledge about banking and finance and economics, not the corporate big whigs who run the show. In other words, the general rank-and-file employees are uninformed investors.

Drew@22

Good post. Thanks.

Cheesesauce @ 48:

David Hawes Says:@30

Uninformed investors are the average person who have money in the 401k's and other "retirement" plans and on average has no knowledge about banking and finance and economics, not the corporate big whigs who run the show. In other words, the general rank-and-file employees are uninformed investors.

Drew@22

Good post. Thanks.

And those who think wow maybe if I just pick up some Goog stock I'll be rich in no time!

The republican party approach to economic matters has always been two-fold:

[1] Privatize Profits

[2] Ration Out Risks

David Hawes @ 30:

Drew @ 22:

Our fictitious economy is so fragile, so incredibly sensitive to shocks, that now even the courts do not want to upset it because of the fall-out that would ensue. It's like they want to create a "nothing to see here" kind of country where everyone walks around like everything is OK because their leaders say everything is OK. Nevermind the little guy, he can't afford to go to court, so screw him.

Of course, the fall-out that would ensue IF the courts found the banks liable would be huge. Because logic would say that if the banks are guilty because they did business with Enron, then all of a sudden millions of more people will become implicated. Enron was financed not only by US banks, but also directly and indirectly with banks all over the globe. This means that if the courts found the US banks guilty, then what about the banks of the world? Does this mean that they are innocent? If they are guilty, how do we punish them?

Also, if the US banks were found guilty, then this would create losses for the international bankers who actually indirectly own the courts. Moreover, the shareholders of the banks who elected the board that hired the managers that manage the banks that did business with Enron would be liable as well. It's pretty scary how far the slippery slope goes on this one.

I would say that the banks are not the ones who made the decisions for Enron. Enron made Enron decisions.

It's too bad that we live in a time of socialized financing, because in any other system, uninformed investors (the ones who got screwed by Enron) would not have to invest in risky equity in order to avoid a loss of purchasing power. They could place their money in a savings account that pays interest and be safe.

Investing in a business should only be for those who know exactly what it is they are investing in. A huge fraction of Enron investors are people the bank managers convinced to invest their money. In another monetary system they would have invested in bonds or money market. The losses sustained by Enron investors would have been minimized to those who truly understand the risks.

It may sound like a broken record, but as long as we have socialized financing, there will be more risk then there should be, and thus more losses.

You are so full of shit.'Uninformed investors'? Lay and his thugs LIED about the strength of ENRON while they knew it was tanking. Get informed moron.

I understand your frustration, but you can't enforce people to not lie. It sounds corny I know, but lying will always be around, and so it has to be punished. And my comment about uninformed investors is not a pejorative remark, it is what some people call "non-insiders". You could argue that we ALL are uninformed, and I would agree with you.

Enron lied, and so their shareholders, who had entrusted Enron, are the ones who should be recompensed. But at the same time, investing in a business is risky, it always has been. If you invest in stock, you should understand that you could lose everything. I am sure that not many investment advisers say this to their clients, because they depend on brokerage commissions as a career, but it's the truth. That's why I cannot be a broker. If I had someone come up to me and ask where they should put their money, and they said they are thinking about equity, I will tell them they could lose everything. If they accept it, and Enron goes kaputs, then that is that.

But if Enron lies, then the shareholders have a case, but the law states that equity holders have limited liability and are assumed to know that they could lose 100% of their investment. That's business. But if gold were the money, then uninformed people could accumulate their gold and NEVER EVER EVER lose its purchasing power. They would be safe forever. So will their kids. But we are not allowed to use gold as money, we have to use what the government tells us to use, so now we cannot even be 100% safe anymore. Every single man, woman and child in this country, and even the unborn ones, live with risks that only smart businessmen should take on. We are literally FORCED to take on risk.

Since we are all FORCED to take on risks, then it is inevitable that innocent people will lose. And you know that whenever there is a loss, SOMEONE has to gain somewhere. You know who gains? The owners of the Federal Reserve, the ones who created risk in the first place. They created the risk, so that the economy's losses will come their way.

I shouldn't say anymore...

fiver @ 1:

Roe v. Wade was a red herring. These cases were the objective.

We are in a class war, and we are losing.

It's always the red herring. diversionary and intentionally divisive issues to keep the unwashed masses from noticing the elites real intentions and objectives.

these elites play 3D chess on us, while we can't even win tic tac toe.

pickles @ 44:

The "court", now padded heavily in favor of the bush crime family's agenda, knows no other way. The Bush Crime Family agenda is to rape and pillage and they will continue to do so for generations, as they have for generations. Find another country to ruin, Bush family. Please.

the Bush crime family is just the front agent. the real powers that be use them and reward them handsomely for pushing their agenda and enforcing it.

This is the reason we have got to know and understand who these ass holes are, that we are putting on our court benches.

All over this country, these bastards have posted these huge mega signs, at freeway entrances and vacant lots. I mean I have never seen signs so huge for even people running for President.

One of the most telling signs folks is the fact that we know very Little or nothing about these people , not even their political party affiliation. They are not required to present us with any of this critical information and nor are they presented before the people to hear of their intentions when they take these jobs.

The most striking of all is all the very questionable verdicts we are witnessing all over this country, not just in this very important case, but over and over, we are seeing these cases of clear corruption from these corporations, being thrown out and dismissed by these people.

I can say this right now that I have no intention of supporting any of these peopole when I get my ballot. The section will be left blank.

L.A. Confidential @ 57:

ConcernedCanuck @ 51:

L.A. Confidential @ 46:

ConcernedCanuck @ 36:

Thats the only Kingdom they can enter.

Well hang tight. There's good news!! General David Betrayus says;

We think we won’t know that we’ve reached a turning point until we’re six months past it. We have repeatedly said that there is no lights at the end of the tunnel that we’re seeing. We’re certainly not dancing in the end zone or anything like that.

And if that doesn't make great economic news, this will........with the markets crashing all around, what about Canada's TSE?? Well todays numbers: Up 508.75 or +4.19

Huh?

$90-billion plunge
Tue, January 22, 2008
The Toronto Stock Exchange suffers its biggest one-day loss - 4.75 per cent - in seven years.

http://www.tsx.com/

Appears the numbers don't jive.

Drew. I accept your 'clarification' on your statement.Yes,all investments are risks,and I accept that. BUT. In the ENRON case,those investors would not have invested or would have pulled out,IF they were 'informed' of ENRON's plight. It would seem to Me that better laws could be inacted to give people such as ENRON's investors a better way to get Justice. And I would think that would be better for business,as it would encourage more investment. But,silly Me. I guess that's too simple.

David Hawes @ 25:

Lie.Steal.Pillage.Lay off Tens of thousands and get a bonus.Outsourse jobs.Foul the water.Pollute the air.Pay no taxes. Hire no one over 50. And they say Edwards has no message.

Such a good summary I thought it was worth repeating.

Thanx

L.A. Confidential @ 57:

ConcernedCanuck @ 51:

L.A. Confidential @ 46:

ConcernedCanuck @ 36:

Thats the only Kingdom they can enter.

Well hang tight. There's good news!! General David Betrayus says;

We think we won’t know that we’ve reached a turning point until we’re six months past it. We have repeatedly said that there is no lights at the end of the tunnel that we’re seeing. We’re certainly not dancing in the end zone or anything like that.

And if that doesn't make great economic news, this will........with the markets crashing all around, what about Canada's TSE?? Well todays numbers: Up 508.75 or +4.19

Huh?

$90-billion plunge
Tue, January 22, 2008
The Toronto Stock Exchange suffers its biggest one-day loss - 4.75 per cent - in seven years.

TSX bounces back with 509-point gain
Wall Street pares early losses
Last Updated: Tuesday, January 22, 2008 | 5:17 PM ET
CBC News
The Toronto stock market staged a dramatic rebound Tuesday as an emergency rate cut from the U.S. Federal Reserve and a smaller cut by the Bank of Canada persuaded investors to wade back into the market following a five-day tumble.

A sign tells pedestrians to stop in the financial district in Toronto on Tuesday.
(Adrian Wyld/Canadian Press)
The S&P/TSX composite index was up 509 points to 12,641 at the close of trading.
http://www.cbc.ca/money/story/2008/01/22/markets.html

ConcernedCanuck @ 70:

L.A. Confidential @ 57:

ConcernedCanuck @ 51:

L.A. Confidential @ 46:

Well hang tight. There's good news!! General David Betrayus says;

And if that doesn't make great economic news, this will........with the markets crashing all around, what about Canada's TSE?? Well todays numbers: Up 508.75 or +4.19

Huh?

$90-billion plunge
Tue, January 22, 2008
The Toronto Stock Exchange suffers its biggest one-day loss - 4.75 per cent - in seven years.

TSX bounces back with 509-point gain
Wall Street pares early losses
Last Updated: Tuesday, January 22, 2008 | 5:17 PM ET
CBC News
The Toronto stock market staged a dramatic rebound Tuesday as an emergency rate cut from the U.S. Federal Reserve and a smaller cut by the Bank of Canada persuaded investors to wade back into the market following a five-day tumble.

A sign tells pedestrians to stop in the financial district in Toronto on Tuesday.
(Adrian Wyld/Canadian Press)
The S&P/TSX composite index was up 509 points to 12,641 at the close of trading.
http://www.cbc.ca/money/story/2008/01/22/markets.html

just a bandiad???and for how long?Obviously the Fed Chairman Bernanke...has been waiting for the right moment.Too little,too late.It's just a matter of time now.

who's your messiah now?

jesus zimmerman @ 74:

who's your messiah now?

I've always been impartial to Wiarton Willie, but........

jesus zimmerman @ 74:

who's your messiah now?

sunshine.....warm water,and perfect uncrowded surf.........and an ice chest..full of cold beer...

L.A. Confidential @ 33:

David Hawes @ 30:

Drew @ 22:

Our fictitious economy is so fragile, so incredibly sensitive to shocks, that now even the courts do not want to upset it because of the fall-out that would ensue.

You are so full of shit.'Uninformed investors'? Lay and his thugs LIED about the strength of ENRON while they knew it was tanking. Get informed moron.

He is correct about the first part. As you are with the Dumbest Asses in The Room lying.

nah, Drew is incorrect on this one. the enron scheme was a collusion between financiers, brokers, utilities and traders. As long as everyone was successfully suckered, they rolled the dice. the brakes on this whole fiasco got put on when the buschkinder halted the california scam enron was running. get some facts.

the one part of drew's tome that has merit is that if the courts allowed it, the liability would have been extensive.

and how can anyone be considered INFORMED if they were constantly LIED TO???

and slow down with the biting, eh?

Shame on U.S. @ 77:

I know. We should all vote for Ron Paul, right?

CoIntelPro @ 82:

Shame on U.S. @ 77:

I know. We should all vote for Ron Paul, right?

Hahahahaha.....there goes my coffee!! Thanks!

fiver @ 67:

Truth B Told @ 61:

ZOMGPWN! @ 23:

Uhhhhhhhhhhh........ WOW! I am the most jaded person you've never met and I am literally floored by this.

It seriously is time to start marching in the streets, and I am SO not the marching type.

At this point, if we don't fight back we almost deserve what we get.. almost.

*wipes Supreme Court poo off cheek*

right....

if they don't tase you first...

if they don't soundwave LRAD cannon blast you first

if they don't Microwave heat pain blast you first

if they don't water cannon you

if they don't grab you in the middle of the night for offshore questioning...

But as always, if enough reach for the pitchforks, Louie, Nicholas, and even Frankenstein have problems.

agreed. back in the day it was called "Bum Rushing The Show"

besides, right about now i'd almost be willing to risk a tazing to participate in a protest

and believe me, i don't want to get tazed.... bro. (sorry, it just comes out like that now)

they might have better weapons but there's more of us

plus i think they count on the threat of 'non-lethal' weapons to keep people in front of their TVs and munching cheetos.

well... i like cheetos, especially the spicy, crunchy kind - but dammit this is insanity

the employees of Enron got ROYALLY screwed. they should at LEAST get their day(s) in court, even if that does mean that the defense lawyers and gov't have to give some ground, negotiation wise.

i'm really not joking

this country is close to reacting the way L.A. did after Powell and Koon skated.

Shame on U.S. @ 77:

Suck it up and move on losers.

You first, sunshine.

Drew @ 63:

King of Mean @ 59:

And all you nitwits that bought houses bigger than you could afford, or in fancier neighborhoods than you could afford, that now can't pay: why should others bail you out? You gambled, and you lost. It was YOUR risk... just like Enron stock.

You trusted known liars and assholes, out for their own selfish interests. You were stupid, now you must pay.

Well, everyone has to have a home, so I wouldn't go so far as saying they were stupid. If people bought a house as speculation, then they should be faced with risk. But those who saw that they could buy a first home, those people who do not make a whole lot, to find that they too can live the American dream (remember THAT?!?!?), there is no reason to blame them (unless of course you are being facetious). Cooperation in a market economy requires isolation from outside coercion and intervention for it to work. If it is manipulated, by artificially lowering interest rates, then you cannot blame people for trying to achieve happiness in having a home for the first time and call it their own.

Yes, everyone should have a home... but not one bigger or fancier than one can afford. That's the problem... these home buyers gambled, just like ENRON stock buyers, who are trying to figure out a way to get the taxpayers to bail them out for their bad gambling/stock risks that THEY took. This really should be a "no brainer".

I hope the SCOTUS jerks remember that they CAN be impeached. One year to go.

Sorry to have drawn such ire with my post at 77.

http://www.stockbrokerfraudblog.com/enron/

If the brokers were at fault this is a job for the SEC to prosecute. They have basically stalled and SCOTUS is not going to tie into leveling the playing field in what is basically nationalized legal gambling. The stock market is no different than a casino. You bet in a House that controls the table. You know going in that the chances of hitting big is slim so you diversify. Play smart and tight to the vest. The Enron investors where not complaining when they were riding high. When the California energy crisis engineered by Enron hit any investor with internet access would've bailed. There's a time to get out and that was it. Anyone who hung onto Enron TFB.

As for Enron fleecing it's employees anyone who has worked for a major corporation knows that this type thing happens. The landscape is littered with dead soldiers from the corporate battlefield. From Homestead, PA to LTV pensioners. If you can't take working for someone else then work for yourself.

It's our system. It's rigged. You have to learn to survive in it because it is not going to change. You have to be lucky. Sometimes it sucks.

As for Ron Paul... fuck him too!

I would like to take this opportunity to once again thank Harry Reid, Joe Lieberman et al for allowing Roberts and Alito into our Supreme Court.

All because they were too f*ing stupid and/or lazy to find out who these guys really are.

We will be suffering with these judicial activists for the next several decades.

Don @ 95:

Hurray for Republican economics. A recession and a SCOTUS that cant wait to do the corporatocracy's bidding. Come on Repugs, you can do it, you can make it a 6-3 or 7-2 Con Court. Just get another Repug in the WHite House. And for you people thinking you're gonna "sit this one out", or vote for Nader, or even McCain because you might not like Hilary, well I suggest you think long and hard about it.

----------------

I won't be voting for a clown in either the republican or democratic party for President.
Both parties have lost my vote.

I can't wait to see how this decision and others like it spreads to other, seemingly unrelated cases. It was the same way with the SCOTUS and the indefensible decision to shut down the Florida recount on the basis of supposed 14th amendment violations that were doing harm to G.W. but somehow not Gore. They tried to jam in a lot of nonsense about how their decision only applied to the Gore vs Bush case but it's tough to argue that your verdict doesn't carry any weight as precedent when you are the Supreme Court (not to mention it demonstrates vividly that you have no faith in your decision to hold up under scrutiny). Naturally there have been plenty of 14th Amendment cases since then trying to leverage the SCOTUS decision in their favor. Let the torrent of "my client conspired and colluded but didn't actually COMMIT any crime" trials begin.

If people are paying closer attention the many of the Supreme Court Rulings as well as the lower courts and appeals court rulings; when a lawsuit is between a person and a business or People versus Government, The court in the past decade as a trend, has been unfairly ruling against people.

I believe that this is NO accident. It is a reflection that the Party of White Elephants made sure that it maintains a policy; and legislature has devised laws that protect business from liabilities making it virtually hopeless for people to win a lawsuit against business or government.

Let me reiterate........this is no accident....the intent is clearly to shield businesses. The legal system is just as corrupt as the President and representative that occupies both House of Congress and White House.

Otay @ 96:

I would like to take this opportunity to once again thank Harry Reid, Joe Lieberman et al for allowing Roberts and Alito into our Supreme Court.

All because they were too f*ing stupid and/or lazy to find out who these guys really are.

We will be suffering with these judicial activists for the next several decades.

we now know that busch-kisser LIEberman was/is in on the deal. It looks like reid and pelosi are in on it too.

Will you look at all the little Machiavellians that come out of the wood work whenever the topic of winners and losers in the stock market are brought up.

They're so god damn revolting and nauseating to see that looking into a cup of driged phlegm seems pleasant. Or is that insulting to the phelgm.

Both Chase Manhattan and Citibank were participants to some extent in the fraudulent schemes devised by Andy Fastow, the Enron CFO, to shore up negative cash flow which the Company was experiencing. Their complicity involved the use of offshore accounts and third party shell companies to disguise what were essentially loans, and transform them into Enron sales. Individual members of the informed financial community, including investment bankers, analysts at the bond rating agencies, stock analysts, Enron’s auditor, Arthur Anderson, and their management consultants, McKensey & Co, were well aware of the questionable financial transactions that were occurring. But they passively accepted it because they were either involved, afraid to lose the enormous consulting and banking fees they were collecting from Enron, or intimated by the power and influence wielded by the Company. It’s the perfect example of what can happen when hubris, mismanagement, greed, and power combine to take advantage of deregulation.

Is this decision from a court that prizes the privileges and property rights of the rich and powerful above the human rights of all others any surprise? When it gets down to an even simpler matter, in this case, of the protecting wealth of the obscenely wealthy over those whom the wealthy butt-fucked on primetime national TV in order to get that wealth, it's a no brainer.

I don't even have enough respect for the shitheads who make up the Extreme Court's majority to spit in their faces. What a collection of slimey, corrupt scumbags.

Well, we're just a litigious society, after all. The right wingers are all about taking rights away from people and giving more power to the elite. In a word: fascist.

The BANKERS ARE THE CRIMINALS

We all know it. Way before JC Morgan they wanted to get Lincoln to pay 27% interest to fight the south. He said " Fuck that" and made 'greenbacks'. Currency which was not backed up by banks.
Tah Dah... He won.

And he put the country back together to prevent the banks from breaking it into two seperate more manageable countries. (Manageable like Europeans, bankrupt and wartorn and filled with propoganda which makes them hate their neighbour... for the good of the economy/bankers)

When you guys finally "get smart" you will be stealing/grabbing/ransacking the banks and the bankers.

Want to promote world peace? Kill the 200 richest bankers in the world. That would stop it dead.

I mean look at Chavez. Why do we hear so little about Venezuela right now? Because the propoganda planned was assuming he would WIN his referendum. But he didnt. So 'the fuckers in the CIA who do this shit' had to change their attack. They are now going with 'Narco State' charges and a Noriega type 'crackdown'. Venezuela must be SOOOO evil if they have to change their lies midstep to get rid of him.

Get rid of what? Democratic Socialism? Yes. Anything truly democratic is a threat to American Government and Business and Bankers... Cause it removes power from them.

Shame on U.S. @ 94:

Sorry to have drawn such ire with my post at 77.

http://www.stockbrokerfraudblog.com/enron/

If the brokers were at fault this is a job for the SEC to prosecute. They have basically stalled and SCOTUS is not going to tie into leveling the playing field in what is basically nationalized legal gambling. The stock market is no different than a casino. You bet in a House that controls the table. You know going in that the chances of hitting big is slim so you diversify. Play smart and tight to the vest. The Enron investors where not complaining when they were riding high. When the California energy crisis engineered by Enron hit any investor with internet access would've bailed. There's a time to get out and that was it. Anyone who hung onto Enron TFB.

As for Enron fleecing it's employees anyone who has worked for a major corporation knows that this type thing happens. The landscape is littered with dead soldiers from the corporate battlefield. From Homestead, PA to LTV pensioners. If you can't take working for someone else then work for yourself.

It's our system. It's rigged. You have to learn to survive in it because it is not going to change. You have to be lucky. Sometimes it sucks.

As for Ron Paul... fuck him too!

Wow. you're a retard... So The rights of Property over th Rights of people, eh? Here's your brownshirt. Those without money are still more important than a pile of paper money and an office building.

I believe I will have to take issue with the general tenor of the comments posted here. Much as I feel for the people who were ripped off this lawsuit was a naked cash grab, a huge percentage of which would have gone to the lawyers. Most of the targets of the shotgun lawsuit were financial institutions that had not the slightest involvement in any of Enron's misrepresentations and incurred huge losses when it failed. The civil servants and accountants who were paid to watch out for this sort of thing got off scot free. The very term "corporate profits" is freighted on this and many other similar sites with very negative connotations but, as I like to point to my union buddies, a corporation that never makes profits is worthless and where do you suppose your pension funds are invested and why?
Enron was a sucker's play. It was a high risk investment that featured high returns and the very knowledgeable pension fund managers who lost their money should have been asking a lot more questions. If they want to sue someone the people whose pensions were raided should start with their fund managers who didn't do what they were paid to do.

Enron set to music:

http://www.youtube.com/watch?v=KE4HGlmtOcg

Time to [Deleted. Please do not advocate violence against others on this site. Thanks-Sitemonitor]

Hey, anyone want to bet that today's stock rally was built on the same bull shit that the court just enabled any banking interest to use to 'puff' their earnings...

Welcome to the corpratocracy...