Re: Why is Lou selling some shares -- MIDRANGE-L

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Richard wrote:

< The execs selling their stock wasn't what caused the collapse.  it was the
billions in hidden debt that was defaulted on that caused it. The execs knew
the ship was sinking last spring (or even before) and they bailed out like the
rats they are.  They won't be laughing long - I predict criminal indictments
(and convictions) for top enron execs.  arthur anderson too.>

Yep, they bailed out "early" but early, in regarding to the insider trading
rules could REALLY hang them up ! And I did here that almost 2 weeks ago a
judge had frozen their assets. Arthur Anderson fired the lead auditor/scapegoat
today or yesterday (heard it this morning).

And to show you what a bunch of jerks they were, when the stock started the
slide, employees (i.e. the little people) tried to get out but were told that
all of their stock was "frozen" while it was moved into a new plan or something
like that - WHAT NERVE !!!

This will be one for the history books and college business classrooms, etc.

And it is going to really shake-up 401 K's held in company stock and how that
is currently handled !

Chuck

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