Re: [CANSLIM] Off Topic: Enron and Concressional Hearings

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Off Topic: Enron and Concressional Hearings
Date: Sat, 9 Feb 2002 12:38:02 -0500

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Andreas,

Don't get caught up thinking the Government is looking out for your welfare.
If they were this would not have happened. Also this problem didn't incubate
in the Bush administration. It took awhile for this to cook.

Congressional Hearings are for politicians to try to distance themselves
from scandals like Enron. Don't believe their energetic verbal crap about
righting a wrong. Hearings are held after the fact. Congress nor the SEC or
any other Government body has the brains to prevent such happenings. The S &
L scandals make the Enron one look smalltime. Remember Mikey Milken??

As for your question, when does a hearing set up? After the horse has left
the barn.

Is there a judge? Are you kidding? These Chairman are picked by their
parties to annihilate the other party. They are rarely bi-partisan.

Investors will take care these stock problems by selling or selling short
like I have been for 6 months. The Markets are getting pounded unmercifully
and rightfully so. Rome is burning.


L8ter
DanF
- ----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Saturday, February 09, 2002 6:31 AM
Subject: [CANSLIM] Off Topic: Enron and Concressional Hearings


> Hi,
>
> saw some live coverage about the concressional hearings on CNBC.
> First of all, I liked it that a lot of enron guys got hammered pretty
well,
> some real strong language, you usually do not hear.
>
> Nevertheless I got a question: What is a concressional hearing and
> when does it get set up? Is it like in a courtroom, has it a judge?
>
> Thank you
>
> Andreas
>
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