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Matters Financial |
September 2002
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Enron: Theft by Any Other Name
Some men rob you with a gun, and some with a fountain pen -- so goes the old Arlo Guthrie tune. And at Enron, they robbed their stockholders with a prospectus and a balance sheet that weren't worth the paper they were printed on. Click here to read more.
Excessive Exuberence
As we learned in high school economics, inflation is the rise in prices that results from an excess of cash chasing a limited number of goods and services. So, it amuses and depresses that so many on Wall Street and Main Street spent so much of the 1990s worried about the Fed taking on inflation for food, gasoline and sneakers, and cared nothing for the inflation in stock market prices. Click here to read more.
Self-Interest Must Be Enlightened
At last, we have some CEOs under arrest in the great Wall Street Robbery. The Rigas of Adelphia have been busted and face wire fraud, mail fraud and other charges that should be visited on all the other boardroom crooks the last 30 years have spawned. Click here for our view.