They have turned the whole US financial sector into ENRON. nt

[bemildred]

[Tandalayo_Scheisskopf]

1. Yup.

And now, they are grabbing our tax dollars to bail themselves out. This is facism, as defined.

[indepat]

6. Lazy fair, let the boys be boys free of government interference, privatize the gains,

socialize the losses, reward friends, punish enemies, and always have a bogeyman to go to a pre-emptive war of aggression against 'splains the pukes' way of governance with total politicization of the Federal establishment and the trampling the Constitution, the Bill of Rights, the rule of law, and freedom and liberty itself thrown in as lagniappe: and tens of millions of 'murikkkans are still enthralled, support, enable, aid and abet, and shill for. :P

[eshfemme]

2. Except we can only hope those fuckers responsible for it would actually die

instead of surviving like cockroaches only to scurry back and fuck over more people in other creative ways.

[ixion]

3. Indeed... and the plan is most probably detailed in Cheney's "Energy Task Force" meeting notes

that's been my bet.

Enron was simply a proof of concept for what they've now taken worldwide, and it will be our downfall.

[Supersedeas]

5. Shock Doctrine

[DemoTex]

4. A top insurance company (AIG) as the new Enron? (CSM 4/1/2005)

An accounting probe at AIG worries Wall Street, and involves some of America's richest men.

American business is facing yet another major scandal involving more accounting shenanigans. But, this scandal has the potential to cause tsunami-sized damage: It involves a highly respected insurance company, American International Group (AIG) - which is part of the Dow Jones Industrial Average - which has now admitted to $1.7 billion in improper accounting. And, it has enveloped some legends in the financial arena: Maurice "Hank" Greenberg, forced out as chairman of AIG, and Warren Buffet, the Omaha stock market guru, who will be questioned about his possible involvement.

Because AIG is so massive and important to the financial world, regulators will have to tread carefully. The company's main business is providing reinsurance, that is, it insures insurance companies. This helps the industry to spread its risk among many large and financially sound companies so a single event does not become a financial disaster for one company.

Also, because of AIG's huge size, lawyers don't think the government will bring a criminal charge against the company as it did for Arthur Andersen, Enron's accountant. The criminal charge was a death sentence for the accountant.

"There is an increased reluctance to bring criminal charges that ultimately have the effect of killing a company that otherwise employs a lot of innocent people and has lots of value to it," says Michael Gass, an expert on SEC enforcement at Palmer & Dodge, a Boston law firm. "Instead, there is an increased focus on the individuals responsible." (Sadly, more at link ..)

http://www.csmonitor.com/2005/0401/p03s01-usju.html

AIG was the "new" Enron in 2005.

[Terry in Austin]

7. GAAP

Generally Abused Accounting Principles.

[bemildred]

9. "I must be physic or something ..." (^)

* - Props to Paul Newman, I hope it goes easy for you, big guy.

[yurbud]

8. on the plus side, we now own it:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=103&topic_id=384983&mesg_id=384983

[screembloodymurder]

10. Remember the Carlyle memo.

Among those poised to profit from the crash is the Carlyle Group, the equity fund that includes the Bush family and other high-profile investors with insider government connections. A January 2007 memorandum to company managers from founding partner William E. Conway, Jr., recently appeared which stated that, when the current “liquidity environment”—i.e., cheap credit—ends, “the buying opportunity will be a once in a lifetime chance.

[eowyn_of_rohan]

12. arrest the slime criminals NOW

[leftofthedial]

11. the repuke Enronomy

[radfringe]

13. we've been ENRONOMIZED!!!

:sarcasm: YEA!!! WAY TO GO BUSH!!!! 4 MORE YEAR 4 MORE YEARS WHOOOPEEE.... </end sarcasm>

my partner just emailed me, asked me how soon did I think we could pack up and move to canada...

[bemildred]

14. We've been given an Enronema!! nt

[radfringe]

15. ROFL

:rofl: :rofl: :rofl: