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echo: tech
to: Matt Mc_carthy
from: Charles Angelich
date: 2003-11-12 03:36:14
subject: music industry II

1237db513542
tech



Hello Matt - 

CA>> Japanese use Kieretsu (sp?) and often no one exec in the
CA>> company knows how deep the well really is. Not unlike GM
CA>> where no one exec knows every company that GM
CA>> owns/controls. 

MM> And as exemplified by the Enron affair. Not only did they
MM> not know how deep the well was, no one even knew WHERE the
MM> well was.  They just kept pumping it until it ran dry. 

It's a bit embarassing the numbers of these types of criminals
that have been dancing at the consumers expense and even more
embarassing our governments reluctance to brand them as
criminals and prosecute them to the same extent that they
profited by so doing. 

MM> That, to me, was one strange business. A bunch of lawyers
MM> and accountants started it up as an 'energy broker',
MM> basically a 'middleman' company. All they did was buy up
MM> 'energy', skim off the top, and resell it to someone else
MM> at a higher price. 

I bought the book written by Steven West the former brassierre
salesman who took over Federal Deptartment stores by faking it
as a successful entrepeneur. A true story and really quite
funny in many respects. 

MM> In a real sense, our own pockets were part of that 'well',
MM> as many of us were end-users of that energy. When it was
MM> bought up in the hugh bulk quantities as they did, there
MM> was less available on the free market, and all our prices
MM> went up. :-(( 

It has become obvious that our government is too intertwined
with these criminals to ever stop this from happening or
proscecute those who are caught. There are as many flaws and
back-doors in our system of regulated free enterprise as there
are in Microsoft's software (but few if any service pack
updates are released). 

>
>        ,                          ,
>      o/      Charles.Angelich      \o       ,
>       __o/
>     / >          USA, MI           < \   __\__
 

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