Sassy-Re: Hey Gal.
What's up?
How bout this Enron debacle? No wonder the greedy capitalist are pushing so hard for deregulation. You can start a co, issue 1.2 billion in stock, write em an iou to be paid at a later date and declare them to have a net worth of 1.2 billion. It's called "stock watering" it didn't work in the 20's of the last century and it won't work now. It's a serious violation of SEC statutes. I find it ludicrous that people could seriously advocate doing away with the, SEC, FERC, EPA, OSHA and a variety of other regulatory commissions, while keeping a straight face. Were it not for the 10s of thousands of people who were financially devestated it would be laughable. The petroleum industry is so permeated with corruption that if it were a formation it would ooze enough in kickbacks to settle thae national debt.
