In article ,
says...

On 3/1/11 8:22 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 23:26:39 -0800, wrote:

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

Enron borrowed from large money center banks before their fraud was
suspected and exposed. No crime there, just questionable risk
analysis on the part of the lenders who were mostly relying on audited
financial statements.



Large corporations don't order toilet paper without consulting with
their investment bankers, brokers and others in the financial services
industry.

You haven't got a clue about how a company really works. I can get a
multi-year, multi-million dollar project approved and with my spend plan
in place it is just like writing checks. And, the BOD doe not need to
approve such a piddly amount of money. They usually don't get involved
until the spend is in the tens of millions of dollars.

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

It is all of the mutual plans that the various state and union pension
plans that are invested in wall street that demand immediate
gratification so that they can continue to improve the pensions and
payout the current pensions who are at fault. Un realistic expectations.

Wait...you probably are.

Ahh, audited financial statements...as if the big CPA firms weren't part
of the game.

Just like CBO reviewed items.