Sunday, July 21, 2002
The WorldCom bankruptcy will likely destabilize the stock markets tomorrow. Meanwhile WorldCom execs as well as the executives at Enron, Adelphia, Xerox, Global Crossing, Halliburton and Harken have cashed out. The insiders are gone, leaving the guy who believes what he reads in the Wall Street Journal to watch his 401K fall like a rock. Congress will pass some laws, then pass the hat when election season starts again, eager to take money from the hands they've gently slapped.
Posted by Mark at 11:11 PM