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Re: I-Man post# 10210

Thursday, 12/02/2021 8:38:42 AM

Thursday, December 02, 2021 8:38:42 AM

Post# of 10478
Frauds of yesterday, in which I don't see LAC acting like at this time, and are less concerning than the frauds of today and tomorrow. I'm hoping that we don't see the whole future market (including LAC) going to something more than just an anomaly.

20th Anniversary of ENRON scandal today.



Perhaps this is only a temporary anomaly without far-reaching effects. But there is also the risk that it is a harbinger of a new means of fleecing credulous investors. Against deliberate fraud and misconduct, regulators have an arsenal of weaponry. But against willful self-delusion and disregard of market realities, they stand powerless.

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“The markets can remain irrational longer than you can remain solvent.”
John Maynard Keynes

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