Has America Become Enron????
Integrity in our financial markets is what distinguished America from the rest of the world.
Now we are seeing corporate heads of our most important companies make outright misleading and/or misrepresentations and nothing is done about it.
Think about this little fact for one second, one month ago Fannie and Freddie were representing they were well capitalized and now they are essentially bankrupty and in conservatership.
How many bank heads have told us the same and raised money a few hours or few days later diluting existing shareholders.
In the past, the FBI and SEC would be knocking on these guys doors that afternoon. Today....nothing.
If you can't trust the financials or the statements of the company's leaders....what basis can any investment decision be made??????
Let's hope this nonsense comes to an end before all Americans are holding shares in just a bunch of Enrons.