RE: Greed: Don't Bail Out the Enron Employees

From: Harvey Newstrom (
Date: Tue Jan 22 2002 - 07:39:08 MST

Technotranscendence wrote,
> See the rest of this article at

This article is completely bogus. This article claims that the Enron
situation should be praised as an example of capitalism. It praises the
executives for bailing out in time and blames the employees for not doing
so. It ignores the fact that Enron executives bailed on inside information
while feeding false information to employees and investors. They lied in
their accounting. They destroyed evidence. They encouraged people to
invest into a situation that didn't really exist.

This is not a description of true capitalism or a free market as the article
claims. It is true that investments are risky, but fraud is not supposed to
be one of those risks.

Harvey Newstrom, CISSP <>
Principal Security Consultant, Newstaff Inc. <>
Board of Directors, Extropy Institute <>
Cofounder, Pro-Act <>

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