Re: [A-List] article and notes

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

Tom,

While what you say is true, the two damages you identified occurred BEFORE Enron
filed bankruptcy.

Henry C.K. Liu

Tom Warren wrote:

> >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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