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Re: [A-List] article and notes
The biggest losers in the Eron bankruptcy are the employees who lost
all their pension denominated in worthless Eron shares.
Henry C.K. Liu
Well Henry, while I echo almost all of the sentiment of your post, I
respectfully suggest that the biggest losers fall into two other major
categories:
1)the energy consumers here on the west coast who had much of that inflated
stock money sucked from their pockets originally -- due to Enron's
operational ruthlessness. The opportunistic callousness by "management" is
now decried and whined about in limited fashion (and by more limited
attention spans)only after the fact of bankruptcy. I am not finding it easy
to have much sympathy for those poor Enron employees or investors who would
have been perfectly happy to retire on the stolen cash from those inflated
stocks had they been able to sell them in time. They would have proceeded to
spend the money without the slightest guilt, remorse or social conscience
while the oppressed classes still toil to pay the electric bills.
2) The environment, which must take it in the ass one more time. The
distraction of Bush bailouts and monetary stimulus games has once again
prevented adequate attention being focused on anything remotely like a sane
energy policy; or any remedy for the leech-like victimization practiced by
Enron's successors, including government agencies. Yes there will be more
Enrons, but the end of them will not come with more sanguine economic
practice, gold reform, etc. The end will come when the lights go out, or
when the soon-to-increase nuclear waste glows brightly enough that lights
aren't needed.
Best,
Tom Warren
Pleasant Hill, Oregon
"We put the egg of civilization in one basket woven from the fibers
of virtual reality and suspended by an electrical cord." -- Allen
Comstock
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