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Thursday, September 28, 2006

"You cannot be serious"

Well, dear ones, tonight I spent the time and energy I normally reserve for you writing a lengthy comment on another blog. Yesterday I made a very terse comment on an entry there about Enron that included a remarkable sentence: "However, let's be clear, there was no fraud here." I said there was obviously Rule 10b-5 securities fraud.

Today I found that one of the blog's authors had devoted an entire long entry to refuting my little shorthand riff on Rule 10b-5. The entry, entitled "SEC Rule 10b-5 and Enron" begins with a link to the rule's Wikipedia entry and then goes on for more than 600 words, and concludes, without ever mentioning or alluding to Rule 10b-5. So I just had to leave a reasoned comment—and fast: the challenge of shooting a fish in a coffee can is getting off a clean shot before the fish suffocates.

Anyway, here are links to the two posts, each of which includes a comment from me. Go on, it will be fun. You'll get to see me at my polite and devastating best.

"Fastow got 6 years"

"SEC Rule 10b-5 and Enron"


posted at 1:11 AM

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