The Mudcat Café TM
Thread #42987   Message #626233
Posted By: CarolC
11-Jan-02 - 08:58 PM
Thread Name: BS: Is Enron dubbyas waterloo
Subject: RE: BS: Is Enron dubbyas waterloo
Based on what I saw on some news programs tonight, I can see one possible scenario in which Bush and his cohorts might not be protected in this case. A lot of investors (the numbers I heard tonight were millions of people who lost billions of dollars) lost a lot of money. There is some concern by the top corporations that the stock market will suffer because of this Enron situation. The perception being that the market isn't safe for investors.

I also heard that the securities market was considered to be one of the safest because of the accuracy of the auditing and reporting of the financial wellbeing of the companies in question. And this situation is causing a lot of concern that people will lose confidence in the securities market for this reason. The big coporate interests find themselves in a very vulnerable position right now, and I'm guessing they aren't very happy about it. In fact I heard that they are extremely uneasy about this situation

If Bush and his compatriots did in fact have anything to do with any of this, I can see the possibility that the other big players who stand to be really hurt by this situation might want Bush out of the way in order to protect their own interests. They may be seeing him as a liability right now. Just a theory, but something I won't be surprised about if it happens.