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

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Off Topic: Enron and Concressional Hearings
Date: Mon, 11 Feb 2002 22:34:55 +0100

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Thank you Tom !!!
I think we have something like this in germany as well, but only if =
polititans made something illegal ...

> -----Urspr=FCngliche Nachricht-----
> Von:	Tom Worley [SMTP:stkguru@netside.net]
> Gesendet am:	Saturday, February 09, 2002 6:33 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Off Topic: Enron and Concressional Hearings
>=20
> Hi Andreas,
>=20
> A Congressional hearing is a form of investigation. It is not a =
judicial
> process, although Congress does have the ability to cite persons for
> contempt of Congress, and take legal action. Congress can issue a =
subpoena,
> forcing someone to appear, although they can use the Fifth Amendment =
to the
> US Constitution (protecting against self incrimination) to avoid =
actually
> testifying. Persons testifying do so typically under oath, so if they =
lie
> there can be later legal consequences. In all, I think there are nine
> different Congressional committees which are holding, or will hold,
> hearings. Many will ask the same people the same questions. They each =
have
> their own agenda, such as Labor looking at how the employees were =
treated,
> especially on their 401K. Unfortunately, politicians being =
politicians, many
> members of these Congressional committees are more interested in =
looking
> good on camera to their voters back home than in truly finding out the =
truth
> of what happened, and how to prevent it happening again.
>=20
> Enron, and its auditor Andersen, makes for interesting activity in =
Congress.
> Something like 85% of all members of Congress accepted political
> contributions from one or the other, or both. So there is now a lot of =
butt
> covering going on as well. Acting tough on Enron is an easy way to try =
and
> show that their money meant nothing, and never had any influence. =
yeah,
> sure, right!!!
>=20
> Tom Worley
> stkguru@netside.net
> AIM: TexWorley
> ----- 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
>=20
>=20
> > 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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> >
>=20
>=20
>=20
> -
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